Shekel Brainweigh Ltd. (AU:SBW) has released an update.
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Shekel Brainweigh Ltd. reports a slight decrease in revenues by 0.17% and a significant reduction in losses by 76.33% for the half-year ended June 30, 2024. The company attributes the decrease in losses to an increase in gross margin and a reduction in operating expenses, despite no revenue growth due to decreased sales to the medical device markets. Net tangible assets per share also experienced a decline compared to the previous year.
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