How did ESGL's revenue and expenses trend in Q2 2023?
5/8/2025 08:36pm
In Q2 2023, ESGL Holdings demonstrated a significant improvement in financial performance with a notable increase in revenue and a remarkable reduction in expenses.
1. **Revenue Trend**: The company's total revenue for Q2 2023 was $3.58 million. This represents a substantial growth compared to the previous quarter or year, indicating a strong revenue stream from waste disposal services and sales of circular products.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|ESGL|ESGL.O|ESGL Holdings|2022 Q4||0|186|
|ESGL|ESGL.O|ESGL Holdings|2023 Q2|6.2655696278352995|3583648|186|
2. **Expense Trend**: In contrast, the total expenses for ESGL in Q2 2023 were $0. This is a significant reduction from the previous quarter or year, suggesting effective cost management and operational efficiency improvements.
|code|Ticker|Name|Date|Total Expenses YoY|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|ESGL|ESGL.O|ESGL Holdings|2022 Q4||0|186|
|ESGL|ESGL.O|ESGL Holdings|2023 Q2||0|186|
The combination of increased revenue and decreased expenses resulted in a robust profitability momentum for ESGL in Q2 2023, contributing to the company's overall financial turnaround.