Linkage Global Inc (LGCB) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Linkage Global Inc reported a significant downturn in their first half 2024 financial results, with net revenues falling by nearly 47% to $4.80 million and gross profit dropping by 64% compared to the same period in 2023. The company experienced a net loss of $0.90 million, a stark contrast to the net income of $0.55 million from the previous year, primarily due to tighter Chinese import inspections, currency depreciation, and changes in Google’s incentive policies for digital marketing services.
For further insights into LGCB stock, check out TipRanks’ Stock Analysis page.