Ayondo full-year loss quintuples to 50.2m Swiss francs

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

CATALIST-listed fintech group Ayondo incurred a net loss of 50.2 million Swiss francs (S$67.2 million) for the financial year ended Dec 31, 2018, widening more than five times from a loss of 9.8 million francs a year earlier, it said on Thursday. Read more at The Business Times.

This slight increase in revenue was despite an 8 per cent decrease in the total number of active clients to 47,298 from 51,606 in FY2017.

Ayondo’s current liabilities exceeded its current assets by 8.26 million francs as at 31 Dec, 2018, and it was in a net liability position of 8.28 million francs as at end-2018. The management said it is confident of successfully completing the proposed disposal of Ayondo’s 99.91 per cent-owned UK subsidiary Ayondo Markets Limited to BUX Holdings, thus significantly reducing the group’s liabilities.

Ayondo said on Thursday that it is also exploring other opportunities that could satisfy the going concern and business viability issues and will make an announcement when necessary. It cautioned shareholders against placing undue reliance on its unaudited results forFY2018.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: DBS, Best World, iFast, Raffles Medical, Thakral, No Signboard, AyondoTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Ayondo served writ of summons from ex-CEO over S$165,800 claimCATALIST-LISTED fintech company Ayondo has been served a writ of summons and a statement of claim from its former CEO, Robert Lempka, that alleged a repudiatory breach of the termination agreement between the company and him. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Coffee, tea at 50 cents for seniors and workersFrom next month, many workers and seniors will be able to enjoy hot coffee and tea at 50 cents at close to 100 coffee shops and foodcourts run by NTUC Foodfare and Kopitiam.. Read more at straitstimes.com. What happens post election? Why not all the way? Everyday la...kiam siap! Foodfare/Kopitiam make tons of money lor
Source: The Straits Times - 🏆 8. / 63 Read more »

Pioneer cabin crew and pilots meet up after 50 yearsSINGAPORE - Former air stewardess Eunice Chua had one of the biggest shocks of her life when she showed some compassion to what appeared to be a down and out passenger on one of her earliest flights.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Milan looking over their shoulders in 50 million euro raceAC Milan are in danger of being swallowed up by the pack as five Serie A teams battle for a single Champions League slot and with it an estimated ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Pioneer airline crew, pilots still flying high after 50 yearsFormer air stewardess Eunice Chua had one of the biggest shocks of her life when she showed some compassion to what appeared to be a down and out passenger on one of her earliest flights.. Read more at straitstimes.com. Looking cool n vibrant👍
Source: The Straits Times - 🏆 8. / 63 Read more »

Out with the old: Residents stumped after 50-year-old trees chopped down at Margaret DriveHeritage group My Queenstown posted photos of 50-year-old trees at Margaret Drive being reduced to stumps on their Facebook page. This article, Out with the old: Residents stumped after 50-year-old trees chopped down at Margaret Drive, originally appeared on Coconuts, Asia's leading alternative
Source: YahooSG - 🏆 3. / 71 Read more »

Tourist arrivals in Colombo to drop by 50% after bombings: Sri Lanka tourism chiefTourist arrivals in Colombo will fall by 50 per cent following the Easter Sunday bombings that killed more than 250 people, Sri Lanka's Tourism ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

CDL pays S$77.7m for 12.4% of IREIT Global and 50% of trust's managerCITY Developments Limited (CDL) has paid S$77.7 million to acquire a 12.4 per cent stake in IREIT Global and half of the European property trust's manager. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Malaysian accent among top 50 sexiestIPOH, April 29 — The Malaysian accent was ranked the 39th sexiest accent in the world on a travel website. The results were determined in a survey by Big 7 Travel Media, which purports to have a...
Source: YahooSG - 🏆 3. / 71 Read more »

Tourist arrivals in Colombo to drop by 50 percent after bombings: Sri Lanka tourism chiefTourist arrivals in Colombo will fall by 50 percent over the next two months following the Easter Sunday bombings that killed more than 250 people, Sri Lanka's Tourism Bureau Chairman Kishu Gomes predicted on Monday. Tourist arrivals in areas outside Colombo are likely to fall by about 30 percent not sure why...is probably one of the safest places on the planet...terrorists usually don't strike the same place multiple times, especially a more off the beaten path type of destination
Source: YahooSG - 🏆 3. / 71 Read more »