Intelligent Living Application Group Inc. Announces First Half 2024 Unaudited Financial Results
Intelligent Living Application Group Inc. (ILAG)
Company Research
Source: PR Newswire
HONG KONG, Dec. 20, 2024 /PRNewswire/ -- Intelligent Living Application Group Inc. (Nasdaq: ILAG) (the "Company" or "Intelligent Living"), a premium lockset manufacturer and distributor headquartered in Hong Kong, today announced its unaudited financial results for the six months ended June 30, 2024.First Half 2024 Financial HighlightsRevenues were $4,473,031, an 131.1% increase from $1,935,641 for the six months ended June 30, 2023.Gross profit was $702,184, an 5728.7% increase from $12,047 for the six months ended June 30, 2023.Net loss was $2,249,307, a decrease of $571,214 from $2,820,521 for the six months ended June 30, 2023.Loss per basic and fully diluted share was $0.12 compared to loss per basic and fully diluted share of $0.16 for the six months ended June 30, 2023.Mr. Bong Lau, Chairman and Chief Executive Officer of Intelligent Living, commented, "Facing increment cycle of high interest rates and slowdown of real estate market, our revenue for the first half of 2024 compa
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