Brief: Newborn Town Sees Total Revenue For Half Year Will Remain Largely Stable As Compared To 2022

Newborn Town

11/08/2023 13:37

Aug 11 (Reuters) - Newborn Town Inc  9911.HK :
    * NEWBORN TOWN INC SEES  TOTAL REVENUE FOR HALF YEAR WILL
REMAIN
LARGELY STABLE AS COMPARED TO THAT IN 2022
    * NEWBORN TOWN INC SEES  TOTAL REVENUE FOR HALF YEAR
RMB1,350
MILLION TO RMB1,400 MILLION
    * NEWBORN TOWN INC SEES  NET PROFIT FOR HALF YEAR RMB280
MILLION
TO RMB320 MILLION
    * NEWBORN TOWN INC SEES  PROFIT ATTRIBUTABLE RMB160 MILLION
TO
RMB200 MILLION FOR HALF YEAR
    * NEWBORN TOWN INC SEES  ADJUSTED EBITDA FOR HALF YEAR RANGE
FROM
RMB330 MILLION TO RMB360 MILLION
    * EXPECTED NET PROFIT, PROFIT ATTRIBUTABLE AND ADJUSTED
EBITDA DUE
TO PROFIT GROWTH OF SOCIAL NETWORKING BUSINESS

Further company coverage:  9911.HK 

 ((Reuters.Briefs@thomsonreuters.com;))