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Net-a-Go Technology Reports Increased Revenue but Faces Comprehensive Loss in 2024

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Net-a-Go Technology Reports Increased Revenue but Faces Comprehensive Loss in 2024

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The latest update is out from Net-a-Go Technology Company Limited ( (HK:1483) ).

Net-a-Go Technology Company Limited reported its annual results for the year ended December 31, 2024, showing a significant increase in revenue from HK$188.4 million in 2023 to HK$294.7 million in 2024. Despite the revenue growth, the company experienced a comprehensive loss of HK$79.3 million, attributed to increased administrative and marketing expenses, as well as net impairment losses. The announcement highlights challenges in maintaining profitability amidst rising costs, impacting its financial performance and potentially influencing stakeholder confidence.

More about Net-a-Go Technology Company Limited

Net-a-Go Technology Company Limited operates in the technology industry, focusing on providing innovative technological solutions and services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -7.50%

Average Trading Volume: 747,767

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$882.5M

See more insights into 1483 stock on TipRanks’ Stock Analysis page.

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