NYSE-listed group 'rapidly prioritizing profitability,' pauses e-commerce guidance
SINGAPORE — Singapore-based tech group Sea will “rapidly” prioritize profitability after more than doubling its quarterly loss, shifting its stance on overseas expansion during the pandemic amid global uncertainties.
The New York Stock Exchange-listed company on Tuesday posted a net loss of $931 million for the quarter ended June, widening from $433 million a year earlier on higher overhead costs and allowances for credit losses.
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