Shopify loss widens as expenses soar

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 2 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Canadian e-commerce software maker Shopify Inc reported a wider quarterly loss on Tuesday, as costs surged nearly 50 percent.

The company's net loss rose to US$24.1 million, or 22 cents per share, in the first quarter ended March 31 from US$15.9 million, or 16 cents per share, a year earlier.Total operating expenses jumped to US$216.

1 million from US$144.2 million.

Source: Tech Daily Report (techdailyreport.net)

 

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:

 /  🏆 6. 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.

Office furniture maker Versalink widens fiscal 2019 loss to RM7mVERSALINK on Monday said its net loss widened to RM7.0 million for the full year ended Feb 28, 2019, from a RM2.5 million loss the year prior. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

UOB shareholders pleased with its performance, but raise questions about expenses, practicesMANY shareholders seemed pleased by United Overseas Bank's (UOB) performance last year, by the looks of those taking to the microphones to thank the bank at its annual general meeting on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Trump Baby Blimp To Soar Again For President's UK VisitPresident Donald Trump ― both the man and the blimp ― will return to theUnited Kingdom in June for the commander in chief's official state visit
Source: YahooSG - 🏆 3. / 71 Read more »

Japan airlines ANA, JAL book soaring profitsJapanese airlines ANA and JAL said Friday that soaring demand for international travel had boosted their bottom line as the country enjoys a tourism boom ahead of the 2020 Olympics. ANA booked a record operating profit of 165 billion yen ($1.5 billion), up 0.3 percent on the previous year as sales grew
Source: YahooSG - 🏆 3. / 71 Read more »

Singapore shares soar 1.5% on Monday on strong macroeconomic dataTHE Singapore market, like many others in the region, got a boost to start the week, thanks to positive sentiment on the global economy following strong US first-quarter economic growth, and data on Saturday showing profits at Chinese industrial firms grew for the first time in four months. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US oil-storage industry fines soar on air, water violationsFines for violations of air, water and waste regulations by U.S. petroleum storage facilities so far this year have exceeded all of last year - ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tesla reports first-quarter losses, more to comeTesla Inc on Wednesday reported a US$700 million loss for the first quarter and said it would also lose money in the second as it struggled to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Valencia's top four hopes dented after late loss to EibarREUTERS: Valencia's hopes of sneaking into the top four in La Liga were severely dented with a limp 1-0 defeat at home to Eibar on Sunday as the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

GL Limited posts Q3 net loss on flat revenue, higher costsFLAT revenue and higher expenses led hospitality group GL Limited, formerly known as GuocoLeisure, to post net losses of US$3.3 million for its third quarter ended March 31, a reversal from a net profit of US$24 million a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Debao unit to sell stake in loss-making Malaysia business for 4m yuanDEBAO Property Development is proposing to sell a 43 per cent stake in Malaysia’s Profit Consortium (PC) for four million yuan (S$808,793) to Chinese management services firm Guangzhou Xu Zhuo Enterprise Management. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong: Stocks open with losses[HONG KONG] Hong Kong stocks fell slightly in the opening minutes on Tuesday after jumping one per cent the previous day and following disappointing Chinese factory data. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »