Lucas GC Limited Posts Higher Margins Amidst Revenue Dip

Lucas GC Limited (LGCL) has released an update.

Lucas GC Limited, an AI-driven PaaS company, reported a revenue decline to $83.32 million in 1H 2024, attributed to a strategic shift towards higher-margin technology products. Despite the drop in revenue, the company saw an increase in gross margin to 33.54% and a rise in net income to $7.42 million. With a 10% growth in active users and technological advancement, Lucas GC Limited is positioning itself for strong future growth.

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