SenseTime Group Narrows Loss in H1 as Revenue Rises 21%

MT Newswires Live08-27

SenseTime Group (HKG:0020, HKG:80020) recorded a loss attributable to equity holders of 2.46 billion yuan for the six months ended June 30, narrower than 3.12 billion yuan logged for the corresponding period last year, a Tuesday filing with the Hong Kong exchange said.

Loss per share stood at 0.08 yuan for the reporting period, compared to 0.10 yuan recorded for the year-ago period.

The AI software company's revenue for the first half of this year was 1.74 billion yuan, 21.4% higher than the 1.43 billion yuan booked a year ago. The company attributed the increase in revenue to an increase in revenues from generative AI and Smart Auto.

Price (HKD): $1.18, Change: $+0.010, Percent Change: +0.85%

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