Labixiaoxin Snacks Reports Revenue Growth Amid Rising Net Loss

Labixiaoxin Snacks Group Ltd. (HK:1262) has released an update.

Labixiaoxin Snacks Group Limited reported a significant increase in revenue of 19.8% for the first half of 2024 compared to the same period in 2023, despite experiencing a substantial net loss margin increase from 1.2% to 8.8%. The company’s gross profit also rose by 17.4%, while their loss for the period escalated dramatically by over 800%, resulting in a basic and diluted loss per share of RMB0.33, up from RMB0.04 previously.

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