Reported Earlier, Pop Culture Reported Revenue of $24M for Six Months Ended December 31, 2023 Vs $12.75M YoY

Author: Benzinga Newsdesk | May 09, 2024 05:12am

 In 2023, Pop Culture Group Co., Ltd. ("Pop Culture," or the "Company," stock code: CPOP) unveiled its plan of conducting digital collection sales through its own WeChat account. According to the interim financial report for the six months ended December 31, 2023 released by the company, the second half of 2023 witnessed an increase in its overall operational performance. For the six months ended December 31, 2023, the Company recorded consolidated revenues of approximately $24 million, representing an increase of $12.75 million compared to the corresponding period of the previous fiscal year, reflecting a 113% year-on-year growth. Additionally, the Company's consolidated gross profit for the six months ended December 31, 2023 increased from a deficit of $2.34 million in the six months ended December 31, 2022 to gross profits of $1.78 million in the six months ended December 31, 2023.

Posted In: CPOP