Primech Holdings Limited Provides Financial Updates and Corporate Highlights For the Six Months Ended September 30, 2023 [Yahoo! Finance]
Primech Holdings Ltd. (PMEC)
Company Research
Source: Yahoo! Finance
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, 2022 Net income was approximately $0.2 million for the six months ended September 30, 2023 , while net loss was approximately
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