Results for: Net Loss

ZK International Group Co., Ltd. (ZKIN) announced its audited financial results for the fiscal year ended September 30, 2023. The company achieved record revenue of $111.60 million, an increase of 8.99% compared to the previous year. However, ZK International reported a net loss of $61.06 million, primarily due to one-time write-offs related to non-core investments. Despite the net loss, the company remains confident in its ability to navigate the evolving market landscape and deliver sustainable value to its shareholders.

In its latest quarterly report, One97 Communications, the parent company of Paytm, reported a widening net loss of ₹550 crore for the quarter ending March 2024. This represents a significant increase from the ₹167.5 crore loss reported during the same period in the previous year. The company’s revenue from operations also declined by 2.8% year-over-year, dropping from ₹2,464.6 crore in Q4 2023 to ₹2,267.1 crore in Q4 2024. Despite these setbacks, Paytm’s annual revenue for FY24 saw a healthy increase of 25%, growing from ₹7,990.3 crore to ₹9,978 crore.