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IN BRIEF: Round Hill Music first-quarter net revenue shoots up

ALN

Round Hill Music Royalty Fund Ltd - investor in music catalogues, has a portfolio which includes songs by artists such as Dion, Carrie Underwood, The Supremes, Bonnie Tyler and Bruno Mars - Reports net revenue in the first quarter to March 31 increases 94% to $10.2 million from $5.3 million in the same period the year prior, whilst masters revenue increases 40% to $2.4 million from $1.7 million. Publishing revenue more than doubles, shooting up to $6.4 million from $3.1 million. The company’s initial investment revenue rises 20% to $6.2 million from $5.2 million the prior year.

Current trading share: $0.75, up 1.4% in London on Thursday morning

12-month change: down 25%

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