Forex News
YYForce Revenue Rises 26.8% as Loss Narrows
YYForce reported revenue growth of 26.8%, a net loss of 7.06 and operating loss reduction of 32.2%.
By Fiona McAllister, Global Markets EditorPipDig Newsroom
- YYForce said revenue rose 26.8%.
- Net loss came in at 7.06, while operating loss fell 32.2%.
- Total liabilities fell from 20.73 to 12.66, a reduction of 39%.
Revenue and Loss
YYForce reported revenue of 32.7 and revenue growth of 26.8%. It also posted a net loss of 7.06, down 13.8%.
Operating loss reduction was 32.2%, and gross profit margin was 10.1%.
Business Lines
Infrastructure services revenue was 16.1, up 11.1%. Staff outsourcing revenue was 15.6, up 62.4%.
ATM program revenue was 18.55.
Balance Sheet and Cash
Total liabilities fell from 20.73 to 12.66, a 39% reduction. Working capital was 11.9, equity grew from 13.61 to 25.36, and cash was 3.08.
Cash flow from operations was 10.99, and cash flow from financing was 16.29.
Source: GlobeNewswire,