Kingsoft Cloud Reports Improved Mid-Year Financials
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Kingsoft Cloud Reports Improved Mid-Year Financials

Kingsoft Cloud Holdings (KC) has released an update.

Kingsoft Cloud Holdings Limited has released its unaudited interim results for the first half of 2024, showcasing a slight decrease in revenues by 0.9%, a significant 52.6% increase in gross profit, and a substantial reduction in net loss by over 35%. The company’s financial performance indicates efficiency improvements and cost management, reflecting positively on its operational strategies during the period.

For further insights into KC stock, check out TipRanks’ Stock Analysis page.

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