"Performance" KINGDEE INT'L's mid-term loss narrows to 97.74 million RMB
KINGDEE INT'L (00268.HK) announced its interim results for the six months ending in June, with revenue recorded at RMB 3.192 billion, an increase of 11.2% year-on-year; among them, cloud subscription revenue increased by 22.1% to RMB 1.684 billion. The loss narrowed from RMB 218 million in the same period last year to RMB 97.74 million, with a loss per share of 2.78 cents. No interim dividend was declared.
In the first half of the year, gross profit was RMB 2.095 billion, up 15.4%; the gross profit margin was 65.6%, an increase of 2.4 percentage points, mainly due to the increase in the proportion of cloud subscription revenue
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