A Metaverse Company Faces Steep Financial Decline

A Metaverse Company (HK:1616) has released an update.

A Metaverse Company reported a significant decline in revenue and gross profit for the first half of 2024, with revenues falling by 81% and gross profits by 78.6% compared to the same period last year. Meanwhile, the loss attributable to equity shareholders increased substantially to approximately RMB8.4 million, from a loss of RMB0.4 million in the previous year, indicating a challenging financial period for the company.

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