By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Spacenet Achieves Financial milestone 330 per cent increase in Net Profit YOY – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Spacenet Achieves Financial milestone 330 per cent increase in Net Profit YOY – World News Network
Business

Spacenet Achieves Financial milestone 330 per cent increase in Net Profit YOY – World News Network

worldnewsnetwork
Last updated: May 31, 2024 12:00 am
worldnewsnetwork 1 year ago
Share
SHARE

India PR Distribution
New Delhi [India], May 31: Spacenet Enterprises India Limited (NSE: SPCENET), a notable global tradetech company with operations in India and Hong Kong, has announced an impressive 330 per cent increase in net profit for the financial year 2023-24. This substantial growth underscores the company’s successful strategic initiatives and robust operational performance.
Spacenet core business activity is into the trading of agricultural and non-agricultural commodities, Spacenet has diversified its portfolio by actively building, investing in, and supporting innovative technology companies. This dual focus not only enhances its core trading business but also positions it at the forefront of technological advancements.
Till date, Spacenet has made strategic investments in several promising companies, including Billmart Fintech Pvt Ltd, String Metaverse Ltd, and Thalassa Enterprises Ltd.
Billmart Fintech Pvt Ltd, headquartered in Mumbai, is a pioneering fintech enterprise dedicated to empowering Micro, Small, and Medium Enterprises (MSMEs) and corporates through digital bill discounting solutions. Billmart seamlessly connects these businesses with lenders, offering a blend of traditional financial services and cutting-edge financial products. This integration fosters a robust financial ecosystem that facilitates smoother transactions and improved liquidity for MSMEs.
String Metaverse Ltd is a trailblazing Web 3.0 GameFi startup and fintech platform. It enables business partners to provide a range of online gaming services, including Play-to-Earn and Free-2-Play models. These innovative platforms offer rewarding games (Real Money Games) that incentivize transactions across multiple sectors such as retail, e-commerce, and food and beverages. By merging gaming with fintech, String Metaverse Ltd is revolutionizing how businesses engage with consumers, creating new revenue streams and enhancing customer loyalty.
These strategic investments are crucial to Spacenet’s vision of sustained growth, continuous innovation, and value creation for all stakeholders. The significant increase in net profit is a clear indicator of the company’s effective business strategies and operational efficiency.
“Our remarkable net profit growth is a testament to our team’s dedication and strategic execution,” stated Prakash Dasigi, Executive Director of Spacenet. “We remain committed to delivering value to our shareholders and customers through continued innovation and operational excellence. Our focus on integrating advanced technology solutions with our core trading activities ensures we stay ahead in the rapidly evolving market landscape.”
With a solid foundation in tradetech and a keen eye on future technological trends, Spacenet Enterprises India Limited is well-positioned to continue its trajectory of impressive growth and innovation.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by India PR Distribution. ANI will not be responsible in any way for the content of the same)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Design Conclave 2025: Where Global Innovation Meets Indian Craft – World News Network

Exclusive Release: Khuda Dekhta Hu launches Today on Beat Bazaar Music – World News Network

Auto sector growth recovers in August by increased rural demand and higher exports – World News Network

Legacy Open Ladies vs Gentlemen Golf Tournament 2025: A Grand Success – World News Network

Suspire Launches India’s First Zero-Commission Growth Marketplace for Sustainable Brands – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article Israeli FM calls Slovenian move to recognize Palestine ‘Reward for Hamas Murder’ – World News Network
Next Article Centre asks states to undertake preventive measures as four states report Avian influenza – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

Silent Threat to Legs and Life: Why PAD Awareness Matters – World News Network
Business 16 hours ago
Andhra Pradesh Scales up its AI Leadership: MoU Signed with Tech Bharat Foundation to Launch India’s First AI Center of Excellence for Public Good – World News Network
Business 16 hours ago
Steady domestic consumption trend, manufacturing growth signals positive outlook for festive season: BoB Report – World News Network
Business 16 hours ago
“No one trusts Rahul Gandhi and Congress”: Union Minister G Kishan Reddy slams Rahul Gandhi on ‘Voter Adhikar Yatra’ – World News Network
National 16 hours ago

Sports

US Open: Fluent Djokovic overwhelms Struff to break record, sets quarter-final showdown with Fritz – World News Network
Sports
Tim Seifert hammers joint-fastest ton, second-highest score in CPL history – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

Sean Penn to be Guest of Honour at Lumiere Film Festival – World News Network
Entertainment
Manoj Bajpayee reunites with Ram Gopal Varma for horror comedy ‘Police Station Mein Bhoot’; Shooting begins – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?