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17LIVE reports deeper loss of US$118.2 mil for 1HFY2023; gross profit margin improved

Felicia Tan
Felicia Tan • 2 min read
17LIVE reports deeper loss of US$118.2 mil for 1HFY2023; gross profit margin improved
17LIVE has posted a deeper loss of US$118.2 million ($161.5 million) for the 1HFY2023 ended June 30.
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17LIVE has posted a deeper loss of US$118.2 million ($161.5 million) for the 1HFY2023 ended June 30, compared to the loss of US$42.0 million in the 1HFY2022 and the US$51.0 million loss in the FY2022.

After including revaluation loss on its financial liabilities, the company posted an adjusted profit of US$9.4 million for the 1HFY2023, reversing from the adjusted loss of US$4.0 million in the same period the year before.

17LIVE is the company which Vertex Technology Acquisition Corporation VT1VT1(VTAC) has proposed a business combination with.

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