HKG:3896

Kingsoft Cloud Narrows Attributable Loss in H1; Revenue Up

Kingsoft Cloud's (HKG:3896) attributable loss narrowed by 43% during the first half of the year to 436.9 million yuan from 771.4 million yuan a year earlier.Loss per share came in at 0.10 yuan, compared with 0.20 yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.Revenue jumped 34% year over year to 5.78 billion yuan from 4.32 billion yuan.

Guosheng Securities Starts Kingsoft Cloud Holdings at Buy with $15 Price Target

Kingsoft Cloud's Loss Widens in Q1

Kingsoft Cloud (HKG:3896) posted a net loss attributable to the company of 343.8 million yuan for the first quarter, widening from a loss of 313.9 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Shares of the cloud service company were down over 8% in late Thursday morning trade.Loss per share came in at 0.08 yuan, unchanged from the prior-year period.Revenue increased 37% to 2.70 billion yuan from 1.97 billion yuan a year earlier.