Business

hSenid Business Solutions: Net loss widened despite revenue growth, with recurring revenue and ARR showing strong momentum

hSenid Business Solutions: Net loss widened despite revenue growth, with recurring revenue and ARR showing strong momentum

Hsenid Business Solutions PlcNovember 7, 20244
hSenid Business Solutions: Net loss widened despite revenue growth, with recurring revenue and ARR showing strong momentum

About this update from Hsenid Business Solutions Plc

Revenue grew 5.3% year-over-year, but net loss widened to LKR 128.9 million due to forex losses and margin compression. Recurring revenue and ARR showed strong growth, while a scrip dividend and share issue impacted capital structure.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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