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
To subscribe to Bamboo Works free weekly newsletter, click here
Related Articles
BRIEF: CATL extends lead with 40% third-quarter profit growth
3750.HK
300750.SHE
BRIEF: Sanhua denies massive Tesla order rumors after stock surges
2050.HK
002050.SHE
BRIEF: WeRide, Pony AI approved by CSRC to list in Hong Kong
WRD.US
PONY.US
BRIEF: Shandong Gold profit doubles on surging gold prices
1787.HK
600547.SHG
BRIEF: Fibocom to raise up to $373 million in Hong Kong IPO
0368.HK
300638.SHE
