International Home Retail Limited ("the Company") announced the full-year performance for the year ended April 30, 2024. The annual revenue for this year was 2,687,036,000 Hong Kong dollars, a decrease of 4.9% from the same period last year, mainly due to the high base effect of the surge in demand for epidemic prevention materials in Hong Kong during the same period last year. The profit attributable to equity holders of the Company was 101,070,000 Hong Kong dollars, a decrease of 32% from the previous fiscal year. The gross margin increased to 46.9%, while the cash and cash equivalents amounted to 338,501,000 Hong Kong dollars. The board of directors recommended a final dividend of 5.6 Hong Kong cents per share, totaling 11.2 Hong Kong cents per share. A summary of...Show More

International Home Retail Limited ("the Company") announced the full-year performance for the year ended April 30, 2024. The annual revenue for this year was 2,687,036,000 Hong Kong dollars, a decrease of 4.9% from the same period last year, mainly due to the high base effect of the surge in demand for epidemic prevention materials in Hong Kong during the same period last year. The profit attributable to equity holders of the Company was 101,070,000 Hong Kong dollars, a decrease of 32% from the previous fiscal year. The gross margin increased to 46.9%, while the cash and cash equivalents amounted to 338,501,000 Hong Kong dollars. The board of directors recommended a final dividend of 5.6 Hong Kong cents per share, totaling 11.2 Hong Kong cents per share. A summary of the financial data for the past five years shows that the Group maintains a sound financial condition and keeps the revenue growth rate and gross margin at a stable level. The Chairman's report mentioned that the Group actively seized market opportunities after the epidemic, and alleviated the shortage of manpower by optimizing supply chain management, enhancing training, and adopting in-store automation technology to improve operational efficiency. In addition, the Group is committed to the omni-channel shopping experience, launching the "JHCeshop" online shopping platform, and introducing a one-hour "online store pick-up" service in June 2024, to enhance customer shopping convenience and flexibility. Looking ahead, the Group will continue to strengthen the operation of its core business, and adjust its product portfolio according to customer demand and market conditions to ensure the sustainable development of the business.