Li Bang International Corporation Inc. recently announced its unaudited interim financial results for the six months ended December 31, 2024. The company reported a total revenue of $4.7 million, marking an increase of approximately 27% compared to $3.7 million in the same period in 2023. This growth was primarily attributed to higher revenue from project sales. The company's gross profit for this period was $841,000, reflecting an increase of approximately 37% from $612,000 in the previous year. Despite challenges from a slowdown in the Chinese economy, Li Bang managed to reduce its net loss to approximately $1.1 million from $1.5 million in the same period in 2023. Li Bang International continues its focus on designing, developing, producing, and selling stainless steel commercial kitchen equipment in China. No specific outlook or guidance for future periods was provided in the announcement.
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