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New Silkroad Reports Increased Revenue but Higher Losses

New Silkroad Culturaltainment Ltd. (HK:0472) has released an update.

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New Silkroad Culturaltainment Ltd. has reported unaudited consolidated financial results for the first half of 2024, revealing a substantial increase in revenue to HK$282,671,000. However, the company faced a higher loss for the period, with a total loss of HK$62,228,000 compared to HK$18,593,000 in the previous year, due to higher costs and a one-time loss from the disposal of a subsidiary.

For further insights into HK:0472 stock, check out TipRanks’ Stock Analysis page.

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