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Investment company Hipgnosis Songs swung to a first-half loss as surge in costs offset revenue growth.
For the six months ended 30 September 2021, pre-tax loss was £19.2 million compared with a profit of £13.0 million year-on-year, while revenue increased to £85.3 million from £63.3 million.
Operating expenses swelled to £92.0 million from £41.5 million year-on-year.