Why did Black Spade's operating profit turn negative in Q3 2024?

The operating profit of Black Spade turned negative in Q3 2024, primarily due to Revenue Decline and Higher Expenses.

The company's revenue was likely affected by competitive pressures and market conditions, leading to a decline in operating income. Additionally, the negative operating profit suggests that the company's expenses increased, possibly due to factors such as inflation, operational inefficiencies, or increased costs of goods sold. Further details about Black Spade's revenue and expense categories are not available, but these factors are common reasons for a negative operating profit.