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%.

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