Beijing Media Corp Faces Rising Revenue but Increased Losses

Beijing Media Corp. Ltd. Class H (HK:1000) has released an update.

Beijing Media Corporation Limited reported a 13.72% increase in operating revenue, reaching RMB 91,732 thousand for the first half of 2024, compared to the same period last year. However, the company also experienced a widening net loss, now at RMB 8,227 thousand, which is a significant increase from the previous year’s RMB 4,155 thousand. The loss per share has doubled from RMB 0.02 to RMB 0.04, indicating a challenging financial period for the company.

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