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中智全球(06819.HK)年度净亏损880万美元

CITIC Global (06819.HK) annual net loss of US$8.8 million

Gelonghui Finance ·  Sep 28, 2023 19:34

On September 29, GLONGHUI | CITIC Global (06819.HK) announced that for the year ended June 30, 2023, total revenue increased 8.1% year-on-year to US$43.98 million. The increase was due to higher average subscription costs. Gross profit increased 11.0% year over year to US$39.174 million. Gross margin also increased by 2.3% to 89.1% year-on-year during the period. There was an increase in gross profit and gross margin, mainly driven by higher average subscription costs. Net loss decreased by 24.1% to US$8.8 million from US$11.6 million in the same period last year. The net loss during the period was mainly due to R&D, marketing and other costs associated with commercializing its medical qualification business and eBadge technology.

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