Newborn Town Inc. Achieves Strong Mid-Year Growth
Company Announcements

Newborn Town Inc. Achieves Strong Mid-Year Growth

Newborn Town Inc. (HK:9911) has released an update.

Newborn Town Inc. reports a robust interim financial performance for the first half of 2024, with a remarkable 65.3% increase in revenue and a 28.2% rise in profits compared to the same period in 2023. The company’s gross profit also soared by 61.4%, underlining its strong growth trajectory. This positive momentum is reflected in the significant enhancement of the adjusted EBITDA, which grew by 29.2%.

For further insights into HK:9911 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App