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In 50 Words: Line Man’s revenue jumps to $321m in 2022
Line Man Corporation saw a 51.5% increase in total revenue reaching over US$321 million, driven mainly by food delivery services.
Line Man Wongnai, which holds 24% of Thailand’s food delivery market, has diversified revenue streams following its acquisitions of Rabbit Line Pay and FoodStory.
However, it reported US$111.8 million in losses for 2022, an 18% year-on-year increase.
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