U-BX Technology Ltd. (UBXG) has released an update.
U-BX Technology Ltd. reports a significant decrease in revenues from digital promotion and risk assessment services for the six months ending December 31, 2023, compared to the same period in 2022, with total revenues plunging by 48%. The company’s net income also shifted from a gain to a loss, indicating a challenging half-year for the firm. Despite these setbacks, U-BX continues to recognize revenue upon delivery and acceptance of services in its promotion and risk assessment services as well as from value-added bundled benefits to insurance carriers.
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