GOGOX Holdings Foresees Substantial Loss Reduction

GOGOX Holdings Limited (HK:2246) has released an update.

GOGOX Holdings Limited anticipates a significant reduction in losses for the first half of 2024, projecting a loss between RMB78 million to RMB88 million, which is nearly an 87% decrease from the previous year. This improvement is attributed to reduced impairment of goodwill and lower operational expenses across various departments. The company urges caution to shareholders and potential investors as these preliminary figures are yet to be audited.

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