Treasure Global Q2 revenue jumps, net loss widens

Reuters02-24

Treasure Global <a href="https://laohu8.com/S/QTWO">Q2</a> revenue jumps, net loss widens

Overview

Malaysia-based technology firm's Q2 revenue rose significantly yr/yr
Company reported net loss of USD3.11 mln, offset by derivative liability adjustments
Company advances fintech strategy with OXI Wallet launch

Outlook

Company to scale OXI Wallet ecosystem to expand financial services capabilities
Treasure Global aims to enhance operational efficiency and optimize margins
Company focuses on advancing digital commerce innovation and platform enhancements

Result Drivers

ZCITY PLATFORM - Revenue growth driven by increased E-voucher transactions on ZCITY platform
DIGITAL COMMERCE ENHANCEMENTS - Co is enhancing digital commerce capabilities and expanding platform features to improve user engagement
OXI WALLET INITIATIVE - OXI Wallet expected to support long-term fintech strategy and create new revenue opportunities

Company press release: ID:nGNX5xP4JL

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue		$1.08 mln
Q2 Net Income		-$3.11 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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