Weimob (HK:2013) has released an update.
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Weimob Inc. has reported a significant decrease in revenue and gross profit for the first half of 2024, with a 28.3% drop in revenue and a 29.4% decline in gross profit compared to the previous year. Despite these challenges, the company has managed to significantly reduce its adjusted net loss by 81.4% and achieved positive cash flows for the second consecutive half-year. This financial turnaround is attributed to strategic business restructuring, cost reduction initiatives, and a focus on high-profit core businesses.
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