Phoenix Asia swings to FY26 net loss of USD 1.2 million; revenue falls 2.2% to USD 7.21 million

Reuters2026/08/14 20:26

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Phoenix Asia posted a net loss of USD 1.2 million, swinging from profit a year earlier.
Revenue slipped 2.2% to USD 7.21 million, as revenue-contributing projects fell to 13 from 27.
Operating loss widened to USD 1.21 million, as cost of revenue rose 32.4% to USD 6.88 million.
Gross profit dropped 84.8% to USD 329,656, with gross margin down 24.9 percentage points to 4.6%.
Backlog climbed to USD 7.48 million, while cash at banks fell to USD 892,525 from USD 2.38 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phoenix Asia Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-038397), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Phoenix Asia swings to FY26 net loss of USD 1.2 million; revenue falls 2.2% to USD 7.21 million

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