GOODBABY INTL: Revenue in the first three quarters fell by more than 1% year-on-year
GOODBABY INTL announced that its revenue for the nine months ending September this year was approximately HKD 6.42 billion, a decrease of 1.1% compared to the same period in 2024. On a constant currency basis, revenue fell by 2.5% year-on-year. The announcement pointed out that fluctuations in exchange rates, particularly the exchange rates of the Renminbi and Euro against the Hong Kong Dollar, led to discrepancies in revenue changes
According to a report from Economic Information Agency on the 5th, GOODBABY INTL (01086) announced that for the nine months ending September this year, the group's revenue decreased by 1.1% from approximately HKD 6.493 billion in the same period of 2024 to approximately HKD 6.42 billion. When calculated at constant currency, the group's revenue decreased by 2.5% year-on-year. The announcement indicated that the exchange rates during the aforementioned period fluctuated compared to the same period in 2024, particularly the exchange rates of the Renminbi and Euro against the Hong Kong Dollar. This fluctuation resulted in differences between the revenue changes calculated in original currencies and those calculated in the group's reporting currency, the Hong Kong Dollar, due to currency conversion reasons. (jl)
