Yalla Group Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 02:30 am IST
Yalla Group Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 79.25 million compared to USD 76.09 million a year ago. Net income was USD 29.47 million compared to USD 20.59 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.12 a year ago.
For the six months, sales was USD 152.76 million compared to USD 148.43 million a year ago. Net income was USD 49.93 million compared to USD 38.37 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.22 a year ago.