Cloud Music Inc. Reports Robust Mid-Year Growth

Cloud Music Inc. (HK:9899) has released an update.

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.

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