Summary by Futu AI
Oriental Watch Group announced its performance for the year ended March 31, 2024, with a slight decrease of 1.8% in revenue to HKD 3.639 billion. The company's attributable profit was HKD 250 million, with earnings per share of HKD 51.40. The final dividend was HKD 0.058 per share, and the special dividend was HKD 0.172 per share. Despite the market's slower-than-expected recovery, the group's revenue from business in mainland China reached HKD 257.1 million, successfully responding to the challenges of the economic environment. The group will continue to adapt quickly to the market by closely monitoring inventory levels and optimizing lease agreements. As of March 31, 2024, the group's total equity amounted to HKD 179.6 million, with a net value of current assets of HKD 120.8 million, including HKD 8.99 million in bank and cash balances. The group is committed to providing stable returns for shareholders and creating greater value for all stakeholders.