Based on its latest unaudited full-year results, A-Smart Holdings Ltd experienced a challenging period marked by a decrease in revenue and a widening net loss compared to the previous year. The decline was primarily driven by reduced activity in its print and media segment. Despite this, the company is moving forward with its property development projects in Timor-Leste and is taking steps to manage rising operational costs across its businesses. The company did not declare a dividend for the financial year.
• The company’s traditional print and media business saw a significant drop in revenue due to fewer organised events
• Despite overall losses, the company’s investment in an associated supermarket venture in China showed a positive turnaround
• Major construction projects in Timor-Leste are progressing, with the company preparing for a new fundraising effort to support these developments
LISTEN TO THE PODCAST BELOW: