GOGOX Holdings Limited (HK:2246) has released an update.
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GOGOX Holdings Limited has reported a decrease in both revenue and gross profit for the first half of 2024 compared to the same period in 2023, with revenue down by 12.8% and gross profit by 5.5%. However, the company has significantly narrowed its losses before income tax by 87% and its adjusted net loss improved by 72.1%. The results reflect a substantial reduction in loss for the company, indicating improved financial performance despite a drop in revenue.
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