Summary by Futu AI
Vitasoy Int'l announced its performance for the fiscal year ending March 31, 2024. Revenue slightly decreased by 2% to HKD 6.217 billion, but gross profit increased by 3% to HKD 3.111 billion and gross margin improved to 50%. Operating profit surged by 79% to HKD 185 million, and attributable profit to equity holders of the company increased by 155% to HKD 116 million. Mainland China business revenue increased by 10%, steady Hong Kong business, and affected Australian and New Zealand businesses due to production targets and logistics transition issues. Singapore's beverage sales declined, but tofu exports showed strong growth. Group cash and bank deposits increased to HKD 538 million, and it is proposed to declare a final dividend of 6.3 HK cents per ordinary share, with a total annual dividend of 7.7 HK cents per ordinary share.