Love Group Global Ltd Reports Earnings Results for the Half Year Ended December 31, 2020
February 24, 2021 at 12:42 pm IST
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Love Group Global Ltd. announced earnings results for the half year ended December 31, 2020. For the half year, the company announced net loss was AUD 234,026 compared to net income of AUD 484,223 a year ago. Basic loss per share was AUD 0.006 compared to basic earnings per share of AUD 0.012 a year ago.
Love Group Global Ltd is an Australia-based global dating platform. The Company is engaged in providing dating services, including personal matchmaking, online dating and singles events. It operates through two segments: Dating Services and Other. The Company's online dating platforms include Lovestruck platform, DateTix app and Noonswoon app. These platforms target singles across multiple segments, ranging from those seeking casual dating to those looking for long-term or committed relationships. It primarily targets singles from age 30 to 60 that are seeking long-term, committed relationships. Its matchmaking services provide clients with one-on-one tailor-made matches recommended by the Company's team of matchmakers. Its social events offer singles to meet their matches. The Company offers its online, events, restaurant commission and matchmaking services in China, Hong Kong, Singapore, Thailand and United Kingdom.