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China Liberal Education Holdings Limited Reports Financial Results for the First Six Months of Fiscal Year 2024
China Liberal Education Holdings (Nasdaq: CLEU) reported its unaudited financial results for the first six months of fiscal year 2024 ended June 30, 2024. The company experienced a revenue declineto $0.89 million, down 34.8% from $1.36 million in the same period last year. Despite this, the company maintained a strong gross margin of 84.8%, up from 63.2% last year. The company reported a net loss of $4.72 million, compared to a net income of $0.38 million in the previous year.
Key financial highlights include:
Revenue decreased by 34.8% to $0.89 million
Gross profit decreased by 12.6% to $0.75 million
Gross margin increased by 21.5 percentage points to 84.8%
Loss from operations was $4.56 million
Basic and diluted loss per share were $2.04
Cash position increased to $84.15 million as of June 30, 2024
Key financial highlights include:
Revenue decreased by 34.8% to $0.89 million
Gross profit decreased by 12.6% to $0.75 million
Gross margin increased by 21.5 percentage points to 84.8%
Loss from operations was $4.56 million
Basic and diluted loss per share were $2.04
Cash position increased to $84.15 million as of June 30, 2024
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