Pop Culture Announces Improvement in Overall Operations During the Fiscal Year Ended June 30, 2024
Pop Culture Group Co., Ltd - Class A Ordinary Shares (CPOP)
Company Research
Source: PR Newswire
XIAMEN, China, Nov. 19, 2024 /PRNewswire/ -- In the fiscal year ended June 30, 2024, POP CULTURE GROUP CO., LTD. ("Pop Culture," or the "Company," Nasdaq: CPOP) continued to focus on its three business lines ——brand promotion, event hosting, event planning and execution, actively made efforts in the goal of comprehensive digitalization, and achieved strong operating results. According to the Company's annual report for the fiscal year ended June 30, 2024, the Company achieved consolidated total revenue of over US$47.38 million, an increase of 56% year on year. Consolidated gross profits also increased from negative US$3.66 million in fiscal year ended June 30, 2023 to US$2.88 million in fiscal year ended June 30, 2024.Brand promotion services. During the reporting period, the Company's brand promotion business increased by more than 310% over the same period of the previous fiscal year, providing 83.6% of the total revenue, which helped the Company achieve an important transformation
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