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Playmates Toys Reports 2024 Financial Results Amid Revenue Decline

Story Highlights
  • Playmates Toys reported a revenue drop from HK$1,109,399,000 in 2023 to HK$931,334,000 in 2024.
  • The company maintained a profit of HK$131,628,000 despite declining sales, indicating resilience.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Playmates Toys ( (HK:0869) ) just unveiled an update.

Playmates Toys Limited announced its audited consolidated results for the year ending December 31, 2024, reporting a decrease in revenue from HK$1,109,399,000 in 2023 to HK$931,334,000 in 2024. Despite the decline in revenue, the company managed to maintain a profit attributable to owners of HK$131,628,000, down from HK$223,745,000 the previous year. The results reflect challenges in the market but also highlight the company’s ability to sustain profitability amidst declining sales, which could impact its market positioning and stakeholder confidence.

More about Playmates Toys

Playmates Toys Limited is a company incorporated in Bermuda, primarily engaged in the toy industry. The company focuses on the design, development, and marketing of toys, with a significant presence in the Hong Kong market.

YTD Price Performance: 2.50%

Average Trading Volume: 132,272

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $92.6M

See more data about 0869 stock on TipRanks’ Stock Analysis page.

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