Newborn Town Inc. Forecasts Robust H1 2024 Growth

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

Newborn Town Inc. has issued a profit alert forecasting strong financial growth for the first half of 2024, with a significant increase in both revenue and net profit. The anticipated growth, estimated at 63.4% to 67.1% for revenue and 20.9% to 32.5% for net profit, is attributed to successful market expansions, the launch of diversified social products, and recent strategic acquisitions. The company advises shareholders and investors to exercise caution when dealing in its shares until the interim results are officially published.

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