Thailand's LINE MAN Wongnai reports first gross profit in three years

Thailand's LINE MAN Wongnai reports first gross profit in three years

Source: LINE MAN Wongnai's LinkedIn page

Thai ride-hailing and food delivery startup LINE MAN Wongnai has logged a gross profit in 2023, its first since at least 2021, helped by rising revenues. The company also managed to cut its cost of revenue and trim its comprehensive loss for the year, according to recent regulatory filings.

Edited by: Pramod Mathew