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Trek2000 manages turnaround for FY2023

The Edge Singapore
The Edge Singapore • 1 min read
Trek2000 manages turnaround for FY2023
Trek2000 shares last traded at 6.3 cents, versus its NTA of 12.3 cents. Photo: Albert Chua
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Trek2000 International has reported a marginal increase in its FY2023 revenue, increasing from $16.6 million to $16.8 million.

The better turnover is attributed to higher sales from its interactive consumer solution segment.

However, earnings in the same period reached $1.5 million for FY2023, a turnaround from losses of $13.3 million, as the company was able to extract better profit margins by being more selective on project management and cost control.

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