Fintec Global Berhad Faces Financial Struggles: Loss Per Share Decreases
Fintec Global Berhad reported a loss per share of RM0.028 for the second quarter 2025, down from RM0.086 in the same period last year, as revenue declined by 87% to RM495.0k. The company's net loss narrowed by 67% to RM5.55m. This represents an improvement in the company's financial performance despite a challenging market environment.
- The significant decline in revenue and loss per share suggests that Fintec Global Berhad is facing intense competition and regulatory pressures, which may impact its ability to recover and grow in the future.
- How will the company address the root causes of its financial struggles, such as declining revenue and increasing losses, to improve its prospects for long-term sustainability?