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NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights Revenue for the first quarter was $207,371, compared to $13.46 million for the prior year's quarter, reflecting the Company's ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability.Gross profit improved by 6% to $172,172, with the gross profit margin
NEW YORK and KUALA LUMPUR, Malaysia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator through its ZCity application, today announced the signing of a significant partnership agreement with Octagram Investment Limited ("OCTA"), a software development firm specializing in scalable solutions across various sectors. This strategic collaboration aims to enhance user engagement and drive growth through the integration of innovative mini-game modules into the ZCity platform. This collaboration aims to drive growth and enhance user engagement through the integration of innovative technology modules into
NEW YORK and KUALA LUMPUR, Malaysia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is pleased to announce that it has completed its previously disclosed at-the-market equity offering program ("ATM Offering") launched on March 22, 2024, and the termination of the same with H.C. Wainwright & Co., LLC, as sales agent on September 25, 2024. The ATM Offering was initiated to offer common shares totaling US$2,990,900 from time to time, and as of the termination date, the Company has sold 1,678,307 of its common shares and raised the maximum total gross proceeds of US$2,990,162.32 before deducting
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights Revenue for the first quarter was $207,371, compared to $13.46 million for the prior year's quarter, reflecting the Company's ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability.Gross profit improved by 6% to $172,172, with the gross profit margin
Reported Gross Profit of Approximately $0.22 Million for Third Quarter Fiscal 2024, up 47% Year-Over-Year Secured a USD$2 million marketing contract aimed to promote prestigious Korean beauty products using its advanced AI Marketing Engine, strategically leveraging the vast revenue potential of the Malaysian and Southeast Asia beauty market Emerged as Exclusive Partner for AI Blockchain Wallet on Telegram, Paving the Way for New Business Opportunities and Spearheading Innovation in the Blockchain Industry Won the silver trophy for Best eCommerce Solution of the MARKETING-INTERACTIVE Asia eCommerce Awards 2023 Successfully Regained Compliance with Nasdaq Minimum Bid Price
Hosts conference call on Thursday, May 15, 2024 NEW YORK and KUALA LUMPUR, May 01, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGL," "Treasure Global" or the "Company"), an innovative technology solutions provider, today announced that it will report its financial results for the third quarter of fiscal year 2024, which ended on March 31, 2024, after market close on Tuesday, May 14, 2024. The Company will host a conference call and audio webcast the next morning, Wednesday, May 15, 2024, at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, Chief Executive Officer of TGL. Event:Treasure Global Third Quarter Fiscal Year 2024 Results Conference CallDate:Wednesday, May 15,
NEW YORK and KUALA LUMPUR, Malaysia, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is pleased to announce the appointment of two new independent directors, Mr. Leong Wei Ping and Mr. Anand Ramakrishnan to its Board. This strategic move underscores the Company's ongoing efforts to strengthen its leadership team and enhance its corporate governance as it continues to scale its operations and expand its global presence. Mr. Leong Wei Ping currently serves as an Executive Director at Asia Television Holdings Limited, which he joined in 2020. In this capacity, he is primarily responsible for
NEW YORK and KUALA LUMPUR, Malaysia, June 14, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, today announced the appointment of Mr. Carlson Thow as its new Chief Executive Officer, succeeding Mr. Sam Teo, who has resigned from his position. Mr. Thow, previously the Group Chief Legal Officer of Nasdaq-listed VCI Global Limited (NASDAQ:VCIG), brings extensive expertise in corporate leadership, business strategy, and driving successful business transformations. During his tenure at VCI Global Limited, Mr. Thow played a pivotal role in guiding the company through a successful transition from a private
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Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is thrilled to announce its collaboration with VCI Global Limited (NASDAQ:VCIG) ("VCIG") and Cogia AG ("Cogia") to strategically plan the rollout of VCIG Secure Cogia Messenger, an integrated secure messenger application with a cryptocurrency wallet for the ZCITY App, enhancing communication and financial services for ZCITY's 3 million users. The strategic rollout introduces the VCIG Secure Cogia Messenger, a secure messenger application that combines military-grade encryption with an integrated cryptocurrency wallet. This initiative initially targets Treasure Global's 3 million ZC
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