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Year on year NIP Group Inc had net income fall 113.30% from a loss of 6.22m to a larger loss of 13.26m despite a 27.09% increase in revenues from 65.84m to 83.67m. An increase in the selling, general and administrative costs as a percentage of sales from 17.96% to 26.12% was a component in the falling net income despite rising revenues.
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Cash flow in USDView more
In 2023, cash reserves at NIP Group Inc fell by 1.99m. However, Cash Flow from Investing totalled 2.17m, indicating this company earned more from the sale of existing assets than it spent on the purchase of new assets. In addition the company used 5.15m for operations while cash generated from financing totalled 1.36m.
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Balance sheet in USDView more
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