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Goodby International H1 profit climbs 20.1% YOY

Goodbaby International Holdings Ltd said its normalized net income for the first half amounted to 8 Hong Kong cents per share, an increase of 19.1% from 6 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$85.7 million, a gain of 20.1% from HK$71.4 million in the year-earlier period.

Total revenue decreased 12.7% on an annual basis to HK$3.21 billion from HK$3.68 billion, and total operating expenses fell 14.6% from the prior-year period to HK$3.05 billion from HK$3.57 billion.

Reported net income grew 26.0% from the prior-year period to HK$111.4 million, or 10 cents per share, from HK$88.4 million, or 8 cents per share.