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Ayondo's full-year net loss widens to 50.2m Swiss francs
Published Thu, May 2, 2019 · 09:50 PM
Singapore
CATALIST-LISTED fintech group Ayondo's net loss widened more than five times to 50.2 million Swiss francs (S$67.2 million) for the financial year ended Dec 31, 2018, from a loss of 9.8 million francs a year earlier, it said on Thursday.
Ayondo had issued a profit warning on Apr 23, flagging a bigger loss due to the impairment of certain intangible assets arising from poor financial performance.
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