Luminor Financial Reports Revenue Growth and Strategic Developments at AGM
Luminor Financial Holdings Limited reported a 42% revenue growth for the financial year ending December 2024 during its Annual General Meeting, despite a net loss of RM11.427 million. The company emphasized the profitability of Luminor Malaysia and the initial losses from Funded Here Pte. Ltd. The introduction of the Quanta Transaction Platform aims to enhance services for e-commerce and social commerce. Additionally, Mr. Tan Chade Phang's retirement from the Board was announced, indicating a move towards board renewal.
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An update from Luminor Financial Holdings Limited ( (SG:5UA) ) is now available.
During the Annual General Meeting, Luminor Financial Holdings Limited reported a 42% revenue growth for the financial year ending December 2024, despite a net loss of RM11.427 million. The company highlighted the profitability of Luminor Malaysia and the initial losses of Funded Here Pte. Ltd., which was launched in late 2024. The introduction of the Quanta Transaction Platform aims to enhance services for e-commerce and social commerce businesses. Additionally, the retirement of Mr. Tan Chade Phang from the Board was announced, marking a step towards board renewal.
More about Luminor Financial Holdings Limited
Luminor Financial Holdings Limited, incorporated in Singapore, operates within the financial solutions industry. The company focuses on providing financial services through its key entities, Luminor Capital (Malaysia) Sdn. Bhd. and Funded Here Pte. Ltd., and has recently launched the Quanta Transaction Platform for e-commerce and social commerce businesses.
Average Trading Volume: 15,680
Technical Sentiment Signal: Sell
Current Market Cap: S$8.71M
See more data about 5UA stock on TipRanks’ Stock Analysis page.
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