Goodbaby International Holdings Limited Announces 2023 Interim Results Performance
HONG KONG, Aug. 30, 2023 /PRNewswire/ -- Goodbaby International Holdings Limited ("Goodbaby International" or the "Company", HKEX stock code: 1086, together with its subsidiaries, the "Group"), a leading global parenting products company, announced its unaudited interim results for the six months ended 30 June 2023 (the "Period"). Revenue of the Group's strategic brands and profitability momentum accelerated during the Period. Revenue of the strategic brands returned to positive growth, with stronger momentum into the second quarter. With its positive momentum of profitability improvement continuing into the Period from the second half of 2022, the Group's operating profitability had significantly improved. The Group also generated strong operating cash inflow during the Period.
- HONG KONG, Aug. 30, 2023 /PRNewswire/ -- Goodbaby International Holdings Limited ("Goodbaby International" or the "Company", HKEX stock code: 1086, together with its subsidiaries, the "Group"), a leading global parenting products company, announced its unaudited interim results for the six months ended 30 June 2023 (the "Period").
- Reported gross profit increased by 5.9% to approximately HK$1,784.8 million (1H 2022: HK$1,684.9 million).
- In addition, the reported operating profit surged by 499.5% to approximately HK$112.7 million (1H 2022: HK$18.8 million).
- Mr. Tongyou LIU, CEO of Goodbaby International said, "Despite facing macro challenges, the Group has demonstrated strong resilience and achieved favorable performance in the first half of 2023.