Gelonghui June 30th 丨Baiyue Group (08545.HK) announced that for the year ending March 31, 2023, the Group is expected to record a profit of not less than HK$5 million due to company owners this year, while last year it recorded a profit of about HK$1.5 million.

According to the announcement, the board believes that the increase in profit this year is mainly due to the three-year COVID-19 pandemic, global production and supply chains have slowly returned to normal; revenue from the distribution of imported toys increased sharply by about 36.5% this year; and the slight increase in sales of ODM toys continued to account for the largest portion of the Group's sales business segment.