Primech Holdings Limited Provides Financial Updates and Corporate Highlights For the Six Months Ended September 30, 2023
Primech Holdings Ltd. (PMEC)
Company Research
Source: PR Newswire
SINGAPORE, March 28, 2024 /PRNewswire/ -- Primech Holdings Limited (Nasdaq: PMEC) ("Primech" or the "Company"), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, provides a financial and corporate update coincident with the filing of the Company's financial results for the six months ended September 30, 2023. These financial results are for periods prior to the Company's initial public offering ("IPO") in October of 2023.Financial Highlights:Revenue was approximately $35.2 million for the six months ended September 30, 2023, representing a 7.5% increase from the same period in 2022;Gross Profit Margin increased from 11.6% for the six months ended September 30, 2022, to 16.4% for the six months ended September 30, 2023;Profit from operations was approximately $0.3 million for the six months ended September 30, 2023, while loss from operations was approximately $1.6 million for the six months ended September 30
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