iWOW’s basic earnings per share for the FY2024 is 24.8% y-o-y lower at 1.06 cents, compared to the 1.41 cents per share in the same period the year before.
iWOW Technology has reported a lower net profit of $2.8 million for the FY2024 ended March 31, 2024, a 22% y-o-y decrease from $3.6 million for the FY2023.
The group says that this is following a weaker 1H2024 performance from the completion of the trace token project and higher costs associated with increased hiring to bolster the group’s R&D and business development capabilities.
