Goodbaby International profit plunges 44% despite revenue growth

Goodbaby International Holdings reported revenue of HK$4,300.9 million for the six months ended June 30, up 2.7% year-on-year. However, profit plunged 43.7% to HK$105.5 million.

The company attributed the profit decline to increased tariff-related costs, higher car seat product costs, and elevated marketing expenses in the US market. Operating profit fell 27.7% to HK$202.0 million.

The board decided not to declare an interim dividend for the period.