Goodbaby International anticipates significant profit jump for 2024

Goodbaby International Holdings Limited (HKEX: 1086) has issued a positive profit alert, forecasting a substantial increase in net profit for the year ending December 31, 2024. The company anticipates net profits to range between HK$325 million and HK$375 million, a considerable rise compared to the HK$208.5 million reported for the same period in 2023. This expected surge is attributed to a mix of increased gross profit driven by improvements in brand revenue mix and production costs, offset partially by increased sea freight costs and unfavorable foreign exchange rates. The information is based on preliminary assessment and unaudited management accounts; final results may differ. The company's annual results for 2024 will be published in due course.