Xuan Wu Cloud Technology Holdings (HKG:2392) expects at least a 95% narrower net loss in 2024 compared with 71.8 million yuan from 2023, a Wednesday Hong Kong bourse filing said.
The technology company attributed the expected narrower loss to a reduction in selling, distribution, and administrative expenses resulting from cost-control measures and an increase in its overall gross profit and gross profit margins resulting from the group's customer relations management software as a service or CRM SaaS services.
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