Sitra Holdings (International) Full Year 2024 Earnings: Narrowing Loss, But Still Troubling Signs
Sitra Holdings (International), a Catalist-listed company, has reported its full year 2024 earnings, revealing a narrowing loss of S$0.001 per share, down from S$0.002 in the previous year. Despite this improvement, the company's revenue has declined by 13% to S$12.7 million, and its net loss has widened to S$1.19 million. The company's stock price remains unchanged from a week ago, indicating investor skepticism about its prospects.
- The fact that Sitra Holdings (International) is able to narrow its losses despite declining revenue suggests that the company may be taking cost-cutting measures or renegotiating contracts with suppliers.
- However, the persistence of warning signs, such as a loss per share and a decline in revenue, raises questions about the company's long-term viability and whether investors should be cautiously optimistic about its future prospects.