H&H's Revenue Down in 2024; Profit Forecast to Fall Up to 100%

MT Newswires Live

Mar 06, 2025

Health and Happiness (H&H) International Holdings' (HKG:1112) revenue showed a mid-single-digit decrease in 2024, mainly due to lower sales of infant milk formula, a Wednesday bourse filing said.

Vitamin, herbal, and mineral supplements and pet supplements posted double-digit growth during the period. Adult Nutrition and Care recorded a high single-digit revenue growth, meanwhile, the Baby Nutrition and Care segment's revenue declined by double-digit during the reporting year

The pediatric and adult nutrition product manufacturer expects a 30%-40% drop in adjusted net profit and an 80%-100% decline in reported net profit for the 12 months.

The company attributed the lower anticipated profit mainly to a double-digit decline in sales from the baby nutrition and care segment, non-cash foreign exchange losses on loans, expenses related to the launch of new GB infant milk formulas, and a one-time restructuring cost.

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Adult Nutrition and Care recorded a high single-digit revenue growth, meanwhile, the Baby Nutrition and Care segment's revenue declined by double-digit during the reporting year</p><p>The pediatric and adult nutrition product manufacturer expects a 30%-40% drop in adjusted net profit and an 80%-100% decline in reported net profit for the 12 months.</p><p>The company attributed the lower anticipated profit mainly to a double-digit decline in sales from the baby nutrition and care segment, non-cash foreign exchange losses on loans, expenses related to the launch of new GB infant milk formulas, and a one-time restructuring cost.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01112","symbol_name":"H&H国际控股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517495187","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517495187","pubTimestamp":1741248220,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Adult Nutrition and Care recorded a high single-digit revenue growth, meanwhile, the Baby Nutrition and Care segment's revenue declined by double-digit during the reporting yearThe pediatric and adult nutrition product manufacturer expects a 30%-40% drop in adjusted net profit and an 80%-100% decline in reported net profit for the 12 months.The company attributed the lower anticipated profit mainly to a double-digit decline in sales from the baby nutrition and care segment, non-cash foreign exchange losses on loans, expenses related to the launch of new GB infant milk formulas, and a one-time restructuring cost.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"01112":"H&H国际控股"},"translate_title":"2024年H&H收入下降；盈利预测最多下降100%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01112":0.9},"content_text":"Health and Happiness (H&H) International Holdings' (HKG:1112) revenue showed a mid-single-digit decrease in 2024, mainly due to lower sales of infant milk formula, a Wednesday bourse filing said.Vitamin, herbal, and mineral supplements and pet supplements posted double-digit growth during the period. 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