In line with the revenue growth, cost of sales doubled to $5.1 million from $2.8 million previously.
SINGAPORE (Sept 12): Synagie Corporation reported wider losses of $3.4 million in 1H18 compared to $1.1 million a year ago on higher administrative expenses that included IPO-related overheads, among other one-off costs.
This comes despite more than double revenue of $6.9 million compared to $3 million in 1H17, driven mainly by higher online sales of brand partner products, an increase in the number of the group’s brand partners as compared to a year ago, as well as new revenue contribution from its Insurtech business segment.
