Coolpad Group (02369) released its 2024 interim results, with a net loss attributable to shareholders of HK$90.221 million, a decrease of 23% year-on-year.

Coolpad Group (02369) released its interim results for the six months ending on June 30, 2024. The group achieved a revenue of HK$252 million, an increase of 47.1% compared to the same period last year. The net loss attributable to owners of the company was HK$90.22 million, a decrease of 23%, with a basic and diluted loss per share of 0.55 HK cents. The announcement stated that the increase in revenue was mainly due to the group starting its cryptocurrency business in the second half of 2023, with no revenue from this business in the same period of 2023.