Wins Finance Holdings (WINSF) has released an update.
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Wins Finance Holdings Inc. has reported a shift in its strategic focus towards the medical equipment sector, with sales reaching $33.44 million in the six months ending December 31, 2023, significantly up from the previous year. Despite this increase in sales, the company experienced a net loss of $2.1 million, which was attributed to low gross profit margins on medical equipment sales. Wins Finance also announced a share subscription agreement with investors, planning to divest its leasing business and strengthen its presence in China’s medical equipment market.
For further insights into WINSF stock, check out TipRanks’ Stock Analysis page.
