Cash balance reached $19.4 million, up 88% y-o-y. Stock should be moving up fast from now!👍🏻😄
For the year ended December 2023, the company, whose main business is in foodstuffs distribution, reported a loss of $3.37 million, reduced from $11.7 million recorded for FY2022.
Revenue, driven by a higher level of trading volume, increased by 45% y-o-y to a record $340.4 million.
As at Dec 31 2023, Oceanus was in a positive net asset position of $58 million, held steady from $58.7 million as at end of FY2022.
Cash balance reached $19.4 million, up 88% y-o-y.
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104172906 : Always good to find an excellent growing company and place a long term bet
102175775 : high revenue growth but still lose money? what is the reason? why so bullish about it? what if revenue drops? wldnt loss be more then?