The profit of the Labubu manufacturer increased 4.5 times in the first half of the year
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- The profit of the Labubu manufacturer increased 4.5 times in the first half of the year
The profit of the Chinese company Pop Mart, which sells toys to Lubub, increased 4.5 times according to preliminary data. The growth is due to the great popularity of the products abroad. This was reported on July 15 by Bloomberg with reference to the company's statement.
"Cost optimization and cost control have contributed to increased profitability, as well as increased brand awareness," Pop Mart said.
It is noted that profit increased by at least 350%, revenue by 200%. Such indicators are a consequence of the rapidly growing popularity. According to the agency, the company's share price has increased almost 7 times, and the market capitalization has grown to $40 billion.
On May 29, Roskachestvo began checking Labubu toys for safety. The research will be aimed at studying the documents that must accompany the products, such as certificates of state registration and documents on participation in the Honest Mark labeling system.
Переведено сервисом «Яндекс Переводчик»
