NoonTalk Media cuts losses by 40% to $1.3m in 1H24

The company's loss per share was 0.64 cents.

NoonTalk Media narrowed its losses by 40% to $1.3m in 1H24, its latest financial statement showed.

The narrower loss resulted in a loss per share of 0.64 cents.

In the same period, NoonTalk Media recorded a 70% YoY drop in its gross profit, falling to $57m, mainly due to an increase in artists’ engagement fees and production costs.

On the flip side, revenue increased 16% YoY to $2.27m due to the increase in revenue from management and events.

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