MGSD Announces Results for 2024 Fiscal Year
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 (OTCQB: MGSD), fornitore di servizi di turismo culturale, ha comunicato i risultati finanziari per l'anno fiscale 2024, terminato il 30 settembre. L'azienda ha registrato entrate totali di $804,887, segnando un significativo aumento del 7230% rispetto ai $10,981 dell'anno fiscale precedente. Nonostante la crescita dei ricavi, MGSD ha riportato una perdita netta di $30,810 per l'anno fiscale 2024, con costi operativi di $439,260 e spese operative di $388,580. L'EBITDA dell'azienda ha mostrato una perdita di $21,304, rappresentando una diminuzione del 47% della perdita. Beijing Tongzhilian, la controllata operativa di MGSD, ha ampliato le sue operazioni aggiungendo vendite di prodotti nell'ultimo trimestre dell'anno fiscale 2024.
Maitong Sunshine Cultural Development (OTCQB: MGSD), proveedor de servicios de turismo cultural, informó sus resultados financieros para el año fiscal 2024, terminado el 30 de septiembre. La empresa logró ingresos totales de $804,887, marcando un aumento significativo del 7230% respecto a los $10,981 del año fiscal anterior. A pesar del crecimiento de ingresos, MGSD reportó una pérdida neta de $30,810 para el FY2024, con costos operativos de $439,260 y gastos operativos de $388,580. El EBITDA de la empresa mostró una pérdida de $21,304, lo que representa una disminución del 47% en la pérdida. Beijing Tongzhilian, la subsidiaria operativa de MGSD, amplió sus operaciones al agregar ventas de productos en el último trimestre del FY2024.
마이퉁 선샤인 문화 개발 (OTCQB: MGSD), 문화 관광 서비스 제공업체,는 9월 30일로 종료된 2024 회계 연도에 대한 재무 결과를 발표했습니다. 회사는 총 수익이 $804,887으로 전 회계 연도 $10,981에 비해 7230%의 상당한 증가를 기록했습니다. 수익 증가에도 불구하고 MGSD는 FY2024에 대해 $30,810의 순손실을 보고했습니다. 운영 비용은 $439,260, 운영 경비는 $388,580입니다. 회사의 EBITDA는 $21,304의 손실을 나타내며, 손실이 47% 감소했습니다. MGSD의 운영 자회사인 베이징 통질리안은 FY2024 마지막 분기에 제품 판매를 추가하여 운영을 확장했습니다.
Maitong Sunshine Cultural Development (OTCQB: MGSD), fournisseur de services de tourisme culturel, a annoncé ses résultats financiers pour l'exercice 2024, qui s'est terminé le 30 septembre. L'entreprise a réalisé des revenus totaux de $804,887, marquant une augmentation significative de 7230% par rapport aux $10,981 de l'exercice précédent. Malgré la croissance des revenus, MGSD a rapporté une perte nette de $30,810 pour l'exercice 2024, avec des coûts d'exploitation de $439,260 et des dépenses d'exploitation de $388,580. L'EBITDA de l'entreprise a montré une perte de $21,304, représentant une diminution de 47% de la perte. Beijing Tongzhilian, la filiale opérationnelle de MGSD, a élargi ses opérations en ajoutant des ventes de produits au dernier trimestre de l'exercice 2024.
Maitong Sunshine Cultural Development (OTCQB: MGSD), Anbieter von Kulturtourismusdienstleistungen, gab seine Finanzergebnisse für das am 30. September endende Geschäftsjahr 2024 bekannt. Das Unternehmen verzeichnete Gesamtumsätze von $804,887, was einen signifikanten Anstieg von 7230% im Vergleich zu $10,981 im Vorjahr bedeutet. Trotz des Umsatzwachstums berichtete MGSD von einem Nettoverlust von $30,810 für das Geschäftsjahr 2024, mit Betriebskosten von $439,260 und Betriebsausgaben von $388,580. Das EBITDA des Unternehmens zeigte einen Verlust von $21,304, was einer Verringerung des Verlusts um 47% entspricht. Beijing Tongzhilian, die operative Tochtergesellschaft von MGSD, erweiterte ihre Aktivitäten, indem sie im letzten Quartal des Geschäftsjahres 2024 Produktverkäufe hinzufügte.
- Revenue increased by 7230% to $804,887 in FY2024
- 47% reduction in EBITDA loss
- Successfully established sales and service systems
- Expanded business with new product sales operations
- Net loss of $30,810 in FY2024
- EBITDA loss of $21,304
- High professional fees and listing-related costs ($142,401)
- Significant operating expenses ($388,580) relative to revenue
Shang Jia, CFO of MGSD, said, "MGSD has experienced rapid growth in fiscal year 2024, with a total annual revenue of
Financial Summary for the year ended September 30, 2024
MGSD commenced operations on September 7, 2023, the company's sales and service systems have been quickly and successfully established, and financial results show that total revenue for fiscal year 2024 (October 2023 to September 2024) was
For the year ended September 30, 2024, total operating costs was
Financial Highlights:
Revenues - MGSD achieved a revenue of
Cautionary Note Regarding Forward-Looking Statements:
This release contains "forward-looking" statements. All forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business and regulatory risks and factors identified in the Company's periodic reports filed with the Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
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RELATED LINKS:
Maitong Sunshine Cultural Development Co., Limited
www.maitongsunshine.com
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SOURCE Maitong Sunshine Cultural Development Co.,Ltd
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