Kobalt Music Group revenues up 37.7% in FY 2013 but losses widen

Tom Pakinkis

Kobalt Music Group saw its revenues increase 37.7% in its 2013 fiscal year but its losses widened by almost 30% over the same period as well.

The company recorded revenues of £107 million for its financial year ending June 30 2013 compared to just over £77.7 million in FY 2012.

It reported post-tax losses of £4.9 million for FY 2013 compared to £3.7 million during its 2012 financial year.

Kobalt Music Publishing Ltd saw turnover of £46.1m in FY 2013 ...

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