Playmates Toys (HK:0869) has released an update.
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Playmates Toys Limited reports a strong first half of 2024 with revenue up by 28% to HK$445 million, driven by the successful relaunch of their Godzilla x Kong line, coinciding with the movie release. Operating profit rose to HK$68.4 million, and profits to owners increased to HK$91.5 million, despite a challenging environment due to global inflation and tough year-over-year comparisons. The company remains optimistic with upcoming TMNT content and a new Power Rangers toy line slated for 2025.
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