PR NEWSWIRE - Newborn Town, a company focusing on global social networking markets, released its H1 2022 positive profit alert. The Company expects to record a revenue of RMB 1.35B to 1.4B by the end of the H1 of the year, up ~30% yearly. Its net profit will approximate RMB 145M to 165M, representing a YoY growth of 5% to 20%, while adjusted EBITDA is expected at RMB 200M to 220M, achieving a YoY increase of 14% to 25%. Its net profit attributable to the parent company is expected to reach RMB 75M to 95M, 103% to 157% higher, more than doubling when compared with H1 2021.
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