Corporate digest

Ayondo

CATALIST-LISTED fintech firm Ayondo's loss for the first quarter ended March 31 narrowed to 3.25 million Swiss francs (S$4.5 million) from 6.3 million Swiss francs a year ago. Net operating income shrank 81 per cent year-on-year to 597,000 Swiss francs largely due to a 69 per cent fall in trading revenue. The corresponding quarter a year ago was weighed down by initial public offering costs of 1.88 million Swiss francs, as well as finance costs of about 2.96 million Swiss francs.

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