According to Zhitong Financial App, C-LINK SQ (01463) announced the results for the six months ended June 30, 2023. Revenue from contracts with customers was RM458.61 million, down 11.4% year on year; loss attributable to company equity holders was RM4.318,000, up 976.8% year on year; basic loss per share was RM0.18 million cents.
Gross profit decreased by about 11.1% year over year to approximately RM9.4 million. During the period, the company's gross margin was approximately 20.5%, which remained similar to the six months ended June 30, 2022. The decline in gross profit is mainly due to a decrease in revenue generated from providing outsourced insurance risk analysis services and insurance marketing services in China.