Addentax swings to profit in Q1 FY27; revenue more than doubled to $3.44 million - ATXG News | RalliesAddentax swings to profit in Q1 FY27; revenue more than doubled to $3.44 million
A
ATXG• Q1 FY27 results
- Addentax Group reported net income of USD 2.39 million, swinging from a net loss in the prior-year quarter.
- Revenue rose to USD 3.44 million, up 316% year over year.
- Operating loss widened to USD 676,071, up 90.5% year over year; gross margin fell 10.9 percentage points to 12.1%.
- Consulting services generated USD 2.54 million of revenue, while financing services added USD 172,185 following the Time Is Loan acquisition.
- Logistics revenue slipped 10.6% to USD 721,196 on lower delivery volume and demand; garment manufacturing recorded no revenue.
SLN
•
