Sino Green Land net loss narrows 23% to $1.39 million in year ended June 30, 2026; net revenues rise 6% to $1.42 million in year ended June 30, 2026
Bitget2026/09/28 21:01- Sino Green Land posted a net loss of USD 1.39 million for the year ended June 30, 2026, narrowing 23%.
- Net revenues rose 6% to USD 1.42 million, with the increase primarily attributed to foreign exchange translation effects.
- Gross loss narrowed 48% to USD 650,810, while cost of revenues fell 20% to USD 2.07 million on lower average raw material input costs.
- Operating expense increased 30% to USD 569,782, primarily on higher professional fees, audit and accounting costs, and merger integration and compliance spending.
- Management flagged substantial doubt about going concern, citing a USD 4.48 million working capital deficit and USD 99,654 cash used in operating activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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