Cafe de Coral Holdings (Stock Code: 341) announced its annual performance for the year ending March 31, 2024. The Group's annual revenue increased to HKD 869.14 million from HKD 802.4 million in the previous fiscal year. The attributable net profit to shareholders is HKD 33.05 million, a significant increase from HKD 11.04 million last year, excluding government pandemic subsidies, the attributable net profit to shareholders is about 4.8 times that of last year. The gross margin increased from 8.8% in the previous year to 11.4%. Business in Hong Kong and Mainland China both improved significantly, especially in Mainland China where same-store sales rebounded strongly. The Group proposed a final dividend of 42 Hong Kong cents per share, with a total payout ratio of 101.0% for the year. The appointment of...Show More

Cafe de Coral Holdings (Stock Code: 341) announced its annual performance for the year ending March 31, 2024. The Group's annual revenue increased to HKD 869.14 million from HKD 802.4 million in the previous fiscal year. The attributable net profit to shareholders is HKD 33.05 million, a significant increase from HKD 11.04 million last year, excluding government pandemic subsidies, the attributable net profit to shareholders is about 4.8 times that of last year. The gross margin increased from 8.8% in the previous year to 11.4%. Business in Hong Kong and Mainland China both improved significantly, especially in Mainland China where same-store sales rebounded strongly. The Group proposed a final dividend of 42 Hong Kong cents per share, with a total payout ratio of 101.0% for the year. The appointment of a new CEO marks the successful completion of the Group's nearly ten-year succession plan, transitioning from family-style management to a sustainable management model. The Group remains optimistic about its long-term growth prospects and will continue to improve its business model. This year, the Group's business in Hong Kong and Mainland China has fully recovered, and both profit margins and network coverage have shown stable and orderly growth.