BRIEF: Gogox loss narrows on falling costs, lower goodwill impairment

2246.HK

Online truck hailing platform Gogox Holdings Ltd. (2246.HK) announcedit expects to report a loss of 78 million yuan ($11 million) to 88 million yuan for the first half of this year, sharply narrower than its year-ago loss of 643 million yuan.

The company attributed the narrowing of its loss mainly to a decrease in goodwill impairment. It said it also benefited from decreases in its cost of revenues, as well as lower sales and marketing, general administrative and R&D expenses.

By Lau Chi Hang

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