Published:
Salt Investments narrows loss in Q1
The company stated that the increase was due to rising administrative expenses.
Salt Investments Limited narrowed down its net loss attributable to equity holders to $417,000 during the first quarter, compared to a net loss of $947,000 in Q4 2024.
The company said it was due to administrative expenses increasing year on year to $835,000 due to new subsidiary costs and higher senior executive expenses.
However, revenue for Q1 increased by 361.3% quarter on quarter to $5.3m, driven by revenue from its recently acquired subsidiary companies more than tripling to $493,000.
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