Cloud Music Inc. (HK:9899) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cloud Music Inc. has reported a significant increase in their financial performance for the first half of 2024, with a 4.1% rise in revenue and a substantial growth in profit before income tax and net profit by 160.8% and 175.7%, respectively. The company uses an adjusted net profit measure to provide a clearer picture of operating performance, which also saw a significant increase of 165.4% compared to the previous year. These interim results have been reviewed by PricewaterhouseCoopers and the company’s audit committee.
For further insights into HK:9899 stock, check out TipRanks’ Stock Analysis page.