Kingsoft (HK:3888) has released an update.
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Kingsoft Corporation Limited reported a robust start to the year with an 8% year-on-year increase in revenue and a significant 48% rise in profit attributable to owners for the first quarter of 2024. Despite a quarterly dip, the company saw a 31% leap in operating profit compared to the same period last year. Additionally, Kingsoft’s operational data shows growth in both monthly active devices for its key products and accumulated paying subscribers, indicating solid market engagement.
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