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Maitong Sunshine Cultural Development (OTCQB: MGSD), a cultural tourism services provider, reported its financial results for fiscal year 2024 ended September 30. The company achieved total revenue of $804,887, marking a significant 7230% increase from the previous fiscal year's $10,981. Despite the revenue growth, MGSD reported a net loss of $30,810 for FY2024, with operating costs of $439,260 and operating expenses of $388,580. The company's EBITDA showed a loss of $21,304, representing a 47% decrease in loss. Beijing Tongzhilian, MGSD's operating subsidiary, expanded its operations by adding product sales in the last quarter of FY2024.
Maitong Sunshine Cultural Development Co., (OTCQB: MGSD) has announced its commencement of trading on the OTCQB® Venture Market, a mid-tier market operated by OTC Markets, Inc. This move is aimed at providing greater access and ease of trading for current and future U.S.-based shareholders. Investors can now find Real-Time Level 2 Quotes for MGSD's common shares on www.otcmarkets.com.
Huang Fang, President and CEO of MGSD, expressed satisfaction with this development, viewing it as an important milestone for the company and its investors. The company plans to continue updating shareholders on its progress. The OTCQB® Venture Market is part of OTC Markets Group Inc., which operates various markets for U.S. and global securities, connecting broker-dealers and enabling investors to trade easily.
Maitong Sunshine Cultural Development Co, trading under the symbol MGSD, has announced its debut on the OTC Markets effective September 18, 2024. The company specializes in providing cultural and tourism services with distinctive cultural characteristics, focusing on creating unique and in-depth experiences for tourists and cultural enthusiasts.
President Huang Fang expressed enthusiasm about this milestone, viewing it as an opportunity to expand market exposure and increase investor access. The company commits to keeping shareholders updated on its progress. OTC Markets Group Inc. operates various markets including OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market, facilitating trading for over 12,000 U.S. and global securities through its network of broker-dealers.
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