Finance costs increased more than five-fold to CHF 3.0 million in 1Q18, as a result of the conversion of outstanding convertible bonds at the IPO in March.
SINGAPORE (May 9): Ayondo, the fintech group which made its debut of the SGX Catalist board in March, has posted losses of CHF 6.3 million ($8.4 million) for the 1Q, more than doubling from losses of CHF 2.8 million a year ago.
The heavier losses were primarily due to one-off IPO costs of CHF 1.9 million and higher finance costs during the quarter.
