XOX Group posts 1Q net loss of RM1.66m
4 posters
Page 1 of 1
XOX Group posts 1Q net loss of RM1.66m
KUALA LUMPUR: Mobile virtual network operator XOX Group Bhd, scheduled to list on the ACE Market on Friday, June 10, reported that it made a net loss of RM1.66 million in the quarter ended March 31.
It said on Thursday, June 9 the loss after taxation was mainly due to the selling and distribution expenses which were necessary in creating brand awareness for XOX’s services.
It recorded revenue of RM12.68 million on the back of about 391,000 subscribers.
“During the current quarter XOX has also managed to record an average revenue from sales of recharge of approximately RM30 per user per month,” it said.
Under the listing exercise, the offer price of the shares was 80 sen.
It received 6,652 applications for 106.5 million shares with a total value of RM85.2 million, for the public tranche of 7.5 million shares.
It said on Thursday, June 9 the loss after taxation was mainly due to the selling and distribution expenses which were necessary in creating brand awareness for XOX’s services.
It recorded revenue of RM12.68 million on the back of about 391,000 subscribers.
“During the current quarter XOX has also managed to record an average revenue from sales of recharge of approximately RM30 per user per month,” it said.
Under the listing exercise, the offer price of the shares was 80 sen.
It received 6,652 applications for 106.5 million shares with a total value of RM85.2 million, for the public tranche of 7.5 million shares.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Re: XOX Group posts 1Q net loss of RM1.66m
off 2 ominous start ?
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Re: XOX Group posts 1Q net loss of RM1.66m
finally ipo subscriber kena burn [You must be registered and logged in to see this image.]
phoenix777- Moderator
- Posts : 13701 Credits : 16143 Reputation : 1704
Join date : 2011-02-03
Location : Malaysia
Job/Hobbies : eating good food
Stock Exposure : 1 year
Stock Portfolio : empty handed
Re: XOX Group posts 1Q net loss of RM1.66m
nowander sifu said subscribe ipo can pok kai
phoenix777- Moderator
- Posts : 13701 Credits : 16143 Reputation : 1704
Join date : 2011-02-03
Location : Malaysia
Job/Hobbies : eating good food
Stock Exposure : 1 year
Stock Portfolio : empty handed
Re: XOX Group posts 1Q net loss of RM1.66m
ipo can be huat if u have insider
8888- Consulting Member
- Posts : 6667 Credits : 7168 Reputation : 50
Join date : 2011-01-31
Comments : Failure is just a stepping stone towards success as long as we learn from the mistake and never do it again.
Winning!!!
Re: XOX Group posts 1Q net loss of RM1.66m
still bb trading is the best [You must be registered and logged in to see this image.]
WinningHeart- Consulting Member
- Posts : 9824 Credits : 10228 Reputation : 128
Join date : 2010-12-20
Re: XOX Group posts 1Q net loss of RM1.66m
lets c wat d nxt ipo can offer ...
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics
» Scomi Group posts net loss of RM4.0m for 4QFY14
» UMW O&G posts net loss of RM65 mil in 1Q
» Carotech posts Q1 pre-tax loss
» THHE posts RM4.5 mil-loss in 1H
» KYM Holdings posts pre-tax loss of RM7.6m
» UMW O&G posts net loss of RM65 mil in 1Q
» Carotech posts Q1 pre-tax loss
» THHE posts RM4.5 mil-loss in 1H
» KYM Holdings posts pre-tax loss of RM7.6m
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|