Toy maker Dream International's H1 revenue rises 12% on higher order volumes
Toy maker Dream International's H1 revenue rises 12% on higher order volumes
Overview
Hong Kong-listed toy maker's H1 revenue rose 12% yr/yr on higher order volumes
Net profit for H1 fell yr/yr as higher costs compressed margins
Company maintained interim dividend at HK25 cents per share
Outlook
Company did not provide specific financial guidance or forecasts for the current or future periods in the press release
Result Drivers
HIGHER ORDER VOLUMES - Revenue growth was driven by increased orders from key customers and sustained demand across major markets
COST PRESSURES - Higher labour and raw material costs weighed on gross profit and compressed margins
PLUSH TOYS GROWTH - Plush stuffed toys segment revenue rose 17% yr/yr, supported by higher orders from existing and new customers
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| HK$2.9 bln |
|
H1 Net Income Attributable |
| HK$205.9 mln |
|
Analyst Coverage
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
Aug 25 - Toy maker Matrix Holdings returns to profit on U.S. OEM demand
Aug 25 - Lego sales rise as World Cup products draw new customers
Aug 25 - Sinomax Group half-year profit falls on increased operating costs
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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