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Goodbaby Intl (01086.HK) announced that it expects a net profit of approximately HKD 0.16 billion to HKD 0.2 billion for the first half of the year.
On July 31, Global Link Education International (01086.HK) announced that it is expected to record a net profit between approximately HKD 0.16 billion and HKD 0.2 billion for the six months ended June 30, 2024. This compares to a net profit of approximately HKD 29.9 million in the same period of 2023. The board of directors believes that the increase in net profit is mainly attributable to the growth in gross margin. The growth in gross margin is primarily due to the increase in revenue, as well as the favorable combination of brand benefits, improved brand profit margins, and improvements in gross margin brought about by lower input costs. However, the increase in revenue has led to increased sales expenses, a decrease in foreign exchange gains due to exchange rate fluctuations, and income tax.
Express News | Goodbaby International Sees Increase in Gross Profit for Hy
Express News | Goodbaby International Sees Net Profit in a Range of HK$160 Mln to HK$200 Mln for Six Months
Express News | Goodbaby International Holdings H1 Net Income HKD 160 Million
GOODBABY INTL: POSITIVE PROFIT ALERT
HK stocks alert | Goodbaby Intl (01086) rose more than 14% at one point during trading, and recently issued 0.114 billion shares. First quarter revenue has increased significantly year-on-year.
According to the news from the Wisdom Finance APP, Goodbaby Intl (01086) rose by more than 14% at one point during trading, and as of the time of publication, it had risen 14.29% to HKD 0.64 with a trading volume of HKD 10.6962 million. On the news side, Goodbaby Intl announced that on July 2, 2024, the company granted 1.14 billion share purchase rights to eligible participants in accordance with the share purchase plan adopted by the company's shareholders on May 25, 2020. The share purchase rights can be used to subscribe to new shares of 0.01 HKD per share value in the company's share capital, but the acceptance of the grantee is required before they can become effective. The exercise price of the share purchase rights granted is 0.
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