KUALA LUMPUR: ''Mobile virtual network operator XOX Group Bhd extended its losses in early trade on Monday, June 13 after having made a poor debut on the ACE Market of Bursa Malaysia last Friday.
At 9.25am, XOX fell five sen to 47 sen with 4.58 million shares traded.
XOX had closed sharply lower last Friday, shedding more than 35% off its offer price of 80 sen on its first trading day on Friday, June 10. It closed 28 sen lower at 52 sen.
The company last week reported that it made a net loss of RM1.66 million in the quarter ended March 31 mainly due to the selling and distribution expenses which were necessary in creating brand awareness for XOX's services.
It recorded revenue of RM12.68 million on the back of about 391,000 subscribers.
''
''
At 9.25am, XOX fell five sen to 47 sen with 4.58 million shares traded.
XOX had closed sharply lower last Friday, shedding more than 35% off its offer price of 80 sen on its first trading day on Friday, June 10. It closed 28 sen lower at 52 sen.
The company last week reported that it made a net loss of RM1.66 million in the quarter ended March 31 mainly due to the selling and distribution expenses which were necessary in creating brand awareness for XOX's services.
It recorded revenue of RM12.68 million on the back of about 391,000 subscribers.
''
''
No comments:
Post a Comment