XMH Holdings Ltd. (SG:BQF) has released an update.
XMH Holdings Ltd., currently on the Singapore Exchange watch-list, has reported a decrease in revenue, cost of goods sold, and gross profits for the first quarter of FY2025, attributing the downturn to fewer completed projects and delayed shipments. Despite the challenging business climate, the company is committed to enhancing operational efficiency and maintaining strict cost control measures. The management is actively working on strategies to meet the criteria for removal from the watch-list by December 2024.
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