"Notwithstanding the decline in revenue in 1HFY2025, costs in general for the period had stayed high," adds IPS Securex, which expects to report by Feb 14.
IPS Securex Holdings warns that it will report a net loss for its 1HFY2025 ended Dec, versus earnings of $0.18 million for the half year ended Dec 2023.
The security company blames lower revenue in 1HFY2025 as a maintenance contract with a customer had expired. It experienced slower project delivery as well which affected revenue booking as well.
