ASTI Holdings' Loss Balloons in H1 as Revenue Slumps 38%

MT Newswires09-27

ASTI Holdings' (SGX:575) loss attributable to owners widened to SG$4.3 million in the first half of 2024 from SG$231,000 in the year-ago period.

Loss per share came in at SG$0.0066, compared to SG$0.0004 a year prior, according to a filing with the Singapore Exchange on Thursday.

Revenue fell 38% year over year to SG$17.7 million from SG$28.4 million in the year-ago period. This was mainly due to the weak performance of the company's backend equipment solutions and technologies segment.

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