Press Release: CURRENC Group Inc. Announces Third Quarter 2024 Unaudited Financial Results

Dow Jones2024-11-29

2023            Tranglo(2)  WalletKu(3)    GEA     adjustments     Total 
                                 (dollars in thousands) 
Net income 
 (loss)              1,347         (363)  (2,435)        (8,996)  (10,447) 
 
Add: 
   Income tax 
    expenses           733            -        -           (277)      456 
   Interest 
    expense, 
    net                  -            -      816          3,836     4,652 
                ----------  -----------   ------   ------------   ------- 
EBIT                 2,080         (363)  (1,619)        (5,437)   (5,339) 
Depreciation 
 and 
 amortization            -            -        -              -     2,890 
EBITDA               2,080         (363)  (1,619)        (5,437)   (2,449)

(1) TNG Asia and GEA were divested in August 2024 and July 2024, respectively.

(2) Tranglo maintained a positive EBITDA for the first nine months of 2024 and 2023.

(3) Tranglo and WalletKu maintained a combined positive EBITDA for the first nine months of 2024 and 2023.

(END) Dow Jones Newswires

November 29, 2024 07:00 ET (12:00 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2487955381?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2024-11-29 20:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2487955381","market":"sh","top_or_hot":-1,"title":"Press Release: CURRENC Group Inc. Announces Third Quarter 2024 Unaudited Financial Results","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n2023            Tranglo(2)  WalletKu(3)    GEA     adjustments     Total \n                                 (dollars in thousands) \nNet income \n (loss)              1,347         (363)  (2,435)        (8,996)  (10,447) \n \nAdd: \n   Income tax \n    expenses           733            -        -           (277)      456 \n   Interest \n    expense, \n    net                  -            -      816          3,836     4,652 \n                ----------  -----------   ------   ------------   ------- \nEBIT                 2,080         (363)  (1,619)        (5,437)   (5,339) \nDepreciation \n and \n amortization            -            -        -              -     2,890 \nEBITDA               2,080         (363)  (1,619)        (5,437)   (2,449) \n \n \n</pre>\n<p>\n     (1) TNG Asia and GEA were divested in August 2024 and July 2024, respectively. \n</p>\n<p>\n     (2) Tranglo maintained a positive EBITDA for the first nine months of 2024 and 2023. \n</p>\n<p>\n     (3) Tranglo and WalletKu maintained a combined positive EBITDA for the first nine months of 2024 and 2023. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 29, 2024 07:00 ET (12:00 GMT)\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: CURRENC Group Inc. Announces Third Quarter 2024 Unaudited Financial Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: CURRENC Group Inc. Announces Third Quarter 2024 Unaudited Financial Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-29 20:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n2023            Tranglo(2)  WalletKu(3)    GEA     adjustments     Total \n                                 (dollars in thousands) \nNet income \n (loss)              1,347         (363)  (2,435)        (8,996)  (10,447) \n \nAdd: \n   Income tax \n    expenses           733            -        -           (277)      456 \n   Interest \n    expense, \n    net                  -            -      816          3,836     4,652 \n                ----------  -----------   ------   ------------   ------- \nEBIT                 2,080         (363)  (1,619)        (5,437)   (5,339) \nDepreciation \n and \n amortization            -            -        -              -     2,890 \nEBITDA               2,080         (363)  (1,619)        (5,437)   (2,449) \n \n \n</pre>\n<p>\n     (1) TNG Asia and GEA were divested in August 2024 and July 2024, respectively. \n</p>\n<p>\n     (2) Tranglo maintained a positive EBITDA for the first nine months of 2024 and 2023. \n</p>\n<p>\n     (3) Tranglo and WalletKu maintained a combined positive EBITDA for the first nine months of 2024 and 2023. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 29, 2024 07:00 ET (12:00 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4007","symbol_name":"制药","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2487955381","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487955381","pubTimestamp":1732881600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"SINGAPORE, Nov. 29, 2024  -- CURRENC Group Inc.  , a fintech and digital remittance pioneer serving millions of unbanked and underbanked individuals in Southeast Asia and beyond, recently announced its unaudited financial results for the third quarter ended September 30, 2024.Third Quarter and First Nine Months 2024 Financial Highlights. -- Total Processing Value  was US$1.21 billion for the third quarter. and US$3.92 billion for the first nine months of 2024, increasing by 6.1%. -- Total revenues (contributed by subsidiaries Tranglo, WalletKu, TNG Asia. and GEA,1 as well as other services) were US$11.3 million for the third. quarter and US$35.4 million for the first nine months of 2024,representing year-over-year decreases of 11.0% and 11.3%, respectively.The decreases were mainly due to declines of 22.1% and 22.3% in global. remittance revenues. As TNG Asia and GEA were divested during the third. quarter, going forward, the Company's total revenues will be comprised. nine months of 2","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4007":"制药","CURR":"CURRENC Group Inc"},"translate_title":"新闻稿：CURRENC Group Inc.公布2024年第三季度未经审计的财务业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CURR":1},"content_text":"2023            Tranglo(2)  WalletKu(3)    GEA     adjustments     Total \n                                 (dollars in thousands) \nNet income \n (loss)              1,347         (363)  (2,435)        (8,996)  (10,447) \n \nAdd: \n   Income tax \n    expenses           733            -        -           (277)      456 \n   Interest \n    expense, \n    net                  -            -      816          3,836     4,652 \n                ----------  -----------   ------   ------------   ------- \nEBIT                 2,080         (363)  (1,619)        (5,437)   (5,339) \nDepreciation \n and \n amortization            -            -        -              -     2,890 \nEBITDA               2,080         (363)  (1,619)        (5,437)   (2,449) \n \n \n\n\n     (1) TNG Asia and GEA were divested in August 2024 and July 2024, respectively. \n\n\n     (2) Tranglo maintained a positive EBITDA for the first nine months of 2024 and 2023. \n\n\n     (3) Tranglo and WalletKu maintained a combined positive EBITDA for the first nine months of 2024 and 2023. \n\n\n  (END) Dow Jones Newswires\n\n\n  November 29, 2024 07:00 ET (12:00 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487955381"}