May 15, 2025 - 19:20
Treasure Global Inc. has reported a significant turnaround in its financial performance for the third quarter of the fiscal year 2025. The company, known for its e-commerce platform operations, reversed a prior-year net loss of $5.0 million to achieve a modest net profit during this period.
For the quarter ending March 31, 2025, Treasure Global recorded revenue of $0.67 million. While this figure represents a 58% decline compared to $1.60 million from the same quarter in fiscal 2024, it showcases a remarkable 121% increase in revenue when compared to the previous quarter. This growth indicates a potential recovery strategy that the company may be implementing, aiming to stabilize its financial standing after a challenging fiscal year.
The modest profit reflects the company's ongoing efforts to refine its operations and enhance its market position amidst a competitive landscape. Stakeholders are optimistic about the future as the company continues to adapt and evolve in the dynamic e-commerce sector.
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