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Newborn Town Forecasts Up to 39% Boost in H1 Revenue

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Newborn Town (HKG:9911) expects a revenue of between $595 million and $615 million for the six months ended June 30, up 34% to 39% from a year prior.

The internet marketing company attributed the revenue forecast to contributions from its social networking and innovative business wings.

Revenue from the social networking wing is forecast to rise by 34% to 38% to between $530 million and $545 million, while that from the innovative business will increase 35% to 46% to between $65 million and $70 million.

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