TAM CHAI INTERNATIONAL CO., LTD. ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024 WITH REVENUE GROWTH OF 5.9% TO HK$2,748.4 MILLION, MAINLY DUE TO A 14 NET INCREASE IN RESTAURANT NETWORK AND A SLIGHT INCREASE IN HONG KONG COMPARABLE RESTAURANT REVENUES. Profit for the year (excluding government subsidies) increased 34.2% to HK$117.0 million. Operating losses in the regions outside Hong Kong narrowed by 52.5% to HK$14.1 million and overseas franchise revenues are expected to begin in FY2025. THE BOARD OF DIRECTORS PROPOSES TO DECLARE A FINAL DIVIDEND OF HK5.9 CENTS PER SHARE, WITH A FULL YEAR DIVIDEND OF 100%. In a challenging business environment, Tan Chai International continues to grow and deliver returns to shareholders, demonstrating brand strength and solid business development. The company is also...Show More

TAM CHAI INTERNATIONAL CO., LTD. ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024 WITH REVENUE GROWTH OF 5.9% TO HK$2,748.4 MILLION, MAINLY DUE TO A 14 NET INCREASE IN RESTAURANT NETWORK AND A SLIGHT INCREASE IN HONG KONG COMPARABLE RESTAURANT REVENUES. Profit for the year (excluding government subsidies) increased 34.2% to HK$117.0 million. Operating losses in the regions outside Hong Kong narrowed by 52.5% to HK$14.1 million and overseas franchise revenues are expected to begin in FY2025. THE BOARD OF DIRECTORS PROPOSES TO DECLARE A FINAL DIVIDEND OF HK5.9 CENTS PER SHARE, WITH A FULL YEAR DIVIDEND OF 100%. In a challenging business environment, Tan Chai International continues to grow and deliver returns to shareholders, demonstrating brand strength and solid business development. The company is also actively expanding overseas, establishing a joint venture with ST Group Food Industries Holdings Limited, and plans to enter the Australian and New Zealand markets, while making good progress in the Philippine market, and implementing the details of the franchise agreement with a subsidiary under Suyen Corporation, laying the groundwork for further penetration into the Southeast Asian market.