STELUX HOLDINGS released its annual report for the fiscal year ending on March 31, 2024. The report shows that the company's revenue for 2024 was HKD 0.7676 billion, net profit was HKD 0.4733 billion, and shareholder's fund as of March 31, 2024 was HKD 0.9066 billion. The EPS was HKD 0.4521. STELUX HOLDINGS mainly invests in controlling companies engaged in the retail and wholesale trade of watches. In the business review, the revenue of the watch retail department was HKD 0.3215 billion in Hong Kong, Macao, and mainland China, and HKD 0.2215 billion in other parts of Asia; the revenue of the watch wholesale trade department was HKD 0.2245 billion. The company's main sources of income include dividend income from unlisted equity investments, proceeds from the sale of held...Show More

STELUX HOLDINGS released its annual report for the fiscal year ending on March 31, 2024. The report shows that the company's revenue for 2024 was HKD 0.7676 billion, net profit was HKD 0.4733 billion, and shareholder's fund as of March 31, 2024 was HKD 0.9066 billion. The EPS was HKD 0.4521. STELUX HOLDINGS mainly invests in controlling companies engaged in the retail and wholesale trade of watches. In the business review, the revenue of the watch retail department was HKD 0.3215 billion in Hong Kong, Macao, and mainland China, and HKD 0.2215 billion in other parts of Asia; the revenue of the watch wholesale trade department was HKD 0.2245 billion. The company's main sources of income include dividend income from unlisted equity investments, proceeds from the sale of held-for-sale assets and subsidiaries, and deferred consideration for the acquisition of subsidiaries re-measured in the previous year. The company's financial risks include forex risk, interest rate risk, credit risk, and liquidity risk. STELUX HOLDINGS' capital management strategy includes adjusting dividend payments, returning capital to shareholders, issuing new shares or selling assets to reduce debt. The debt-to-equity ratio as of March 31, 2024 was 18.3%. In addition, the company has implemented a defined contribution retirement plan and established reserves for employee leave and termination benefits. Government grants are recognized when it is probable that the group will comply with the conditions attached to the grants and the grants will be received. Dividend distributions are recognized as liabilities when approved by the company's shareholders or directors. Adjusting events after the reporting period are reflected in the consolidated financial statements, and non-adjusting events are disclosed in notes when significant.