Miyoshi Limited’s revenue declines 23.76% in 1Q2023

The company’s loss also soared to $368m.

SGX-listed Miyoshi Limited reporetd a revenue of $10.2m for its Q1 period that ended on 30 November 2023. This reflects a 23.76% decrease from $13.3m a year ago.

Revenue from external sales on the consumer electronics segment recorded $3.7m, while the automotive segment reported $5.5m, Miyoshi's latest financial results showed.

The data and storage segment posted $398,000 revenue, while the other segments posted $371,000.

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Loss for the period was $368m, a significant increase from the $73m loss recorded in 1Q2022.

Earnings per share for the period stood at $0.04, slightly higher compared to $0.02 in the same period last yea

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