Wins Finance Holdings Inc. has announced its unaudited financial results for the six months ended December 31, 2024. The company reported a significant increase in income before taxes, reaching $1.2 million, compared to a loss before taxes of $1.9 million for the same period in 2023. This improvement is attributed to a high gross profit margin on medical equipment sales. Sales revenue from medical equipment saw a notable increase, with income rising to $38.31 million from $33.44 million in the previous year, driven by more effective sales strategies. In contrast, direct financing lease interest income was reported as nil, a decrease from $0.1 million in the corresponding period of 2023, as the company plans to gradually divest its leasing business. Non-interest expenses decreased slightly to $1.7 million from $1.8 million in the prior year. Wins Finance Holdings Inc. continues to focus on establishing its medical research and development and sales team, aiming to strengthen its competitive position in the sector once business conditions stabilize.
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