Goodbaby International Holdings (HK:1086) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Goodbaby International Holdings Limited has issued a positive profit alert, anticipating a substantial increase in net profit for the first half of 2024, projecting it to be between HK$160 million to HK$200 million, a significant rise from HK$29.9 million in the same period of 2023. The expected growth is mainly due to higher revenue, improved gross margins from a favorable brand mix, and reduced input costs, although partially offset by increased selling expenses and higher tax expenses. Shareholders and potential investors are cautioned to await the official interim results for further details.
For further insights into HK:1086 stock, check out TipRanks’ Stock Analysis page.
