APR 30·TipRanks▼
Magnitude International Posts Interim Loss as Project Activity Slows
Magnitude International Ltd (MAGH) reported a significant decline in its unaudited interim financial performance for the six months ended October 31, 2025, swinging to a net loss of S$1.51 million from a net profit of S$196,748 in the prior year. This downturn is attributed to reduced project activity, higher operational costs, and margin pressures within Singapore's mechanical and electrical contracting sector. The company's revenue also decreased by approximately 4.5% year-on-year to S$7.0 million.
AUG 14·GlobeNewswire▲
Magnitude International Ltd Announces Closing of Initial Public Offering
SINGAPORE, Aug. 13, 2025 ( GLOBE NEWSWIRE ) -- August 13, 2025 - Magnitude International Ltd ( the "Company" or "Magnitude" ) ( Nasdaq: MAGH ) , an electrical installation service provider based in Singapore, today announced the closing of its initial public offering ( the "Offering" ) of ...