Treasure Global Inc Reports Net Loss of $11.7 Million for Fiscal Year 2023

TREASURE GLOBAL INC [TGL], a leading financial services company, has announced its financial results for the fiscal year ended June 30, 2023. The company reported a net loss of $11.7 million for the year, compared to a net loss of $11.7 million in the previous year. Despite the challenging economic environment, Treasure Global Inc managed to generate a revenue of $69.4 million for the year, reflecting a decrease of 13.1% compared to the previous year.

Financial Performance

The company's gross profit for the year stood at $0.5 million, representing a slight increase from $0.5 million in the previous year. Selling expenses amounted to $4.7 million, while general and administrative expenses and research and development expenses were reported at $4.7 million and $0.5 million, respectively. The total operating expenses for the year amounted to $10.8 million.