SILKWAVE INC Posts Interim Loss of US$2.577 Million, Widening 7.29-Fold Year-on-Year

Stock News08-28 22:12

SILKWAVE INC (00471) has released its interim results for 2026, revealing a significant surge in revenue alongside a substantial widening of its net loss attributable to shareholders.

Revenue for the period climbed approximately 267% to around US$10.8 million. However, the company's loss attributable to owners of the company stood at US$2.577 million, marking an increase of roughly 7.29 times compared to the same period last year. The loss per share was reported at 0.7 US cents.

According to the company's announcement, the revenue growth was primarily driven by increased rental income from bandwidth streaming platforms. These platforms transmit significant volumes of audio-visual and broadcast data traffic through the group's network, bypassing cellular base stations to alleviate congestion on 5G networks.

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