Kiddieland (03830) released its annual performance until April 30, 2024, and earned a profit of 2... in the period;
According to the announcement made by Kiddieland (03830), its annual performance until April 30, 2024 showed a profit of 0.215 billion Hong Kong dollars, an increase of 22.08% year-on-year; the company's owner suffered a loss of 7.338 million Hong Kong dollars during the year, a decrease of 85.48% year-on-year; basic loss per share was 0.7 Hong Kong cents.
The revenue generated from the Americas increased by 29.4% to approximately 92.5 million Hong Kong dollars (compared to 71.5 million Hong Kong dollars in 2023). Sales orders increased, while the average selling price decreased. The growth was mainly due to an increase in revenue from the most developed countries in the area. In addition, due to delayed deliveries two years ago and congestion of goods at US ports, causing delays in the arrival of commodities, retailers kept high inventory levels in 2022 and were reluctant to place a large number of orders as in 2022. Therefore, sales performance in the Americas was most affected last year.