Summary by Moomoo AI
Newborntown (NEWBORNTOWN) released the interim financial report for the six months ending on June 30, 2024, showing that the company's customer contract revenue reached 2,271.9 million RMB, a year-on-year increase of 65.3%; gross profit was 1,141.0 million RMB, an increase of 61.4%; profit for the period was 387.6 million RMB, an increase of 28.2%; net profit attributable to equity shareholders of the company was 224.7 million RMB, an increase of 21.3%; adjusted EBITDA was 448.5 million RMB, an increase of 29.2%. During the reporting period, the company continued to focus on the Middle East and North African markets, and in August 2024, obtained the regional headquarters business license awarded by the Investment Department of the Kingdom of Saudi Arabia, becoming the first global social entertainment company to establish a regional...Show More
