As of the six months ending on September 30, 2024, Dairy Farm Group's revenue decreased by 1.2% to 4.265 billion Hong Kong dollars, with a net profit attributable to shareholders of 144 million Hong Kong dollars, a year-on-year decrease of 28.2%. The gross margin dropped to 10.3%, mainly due to economic weakness and increased overseas consumption. The board announced a mid-term dividend of 15 Hong Kong cents per share, consistent with last year. Management pointed out that the Hong Kong market is under pressure due to economic slowdown and soft consumer demand, while the mainland China saw a downturn in the restaurant industry due to intense price competition. The group is addressing the challenges by introducing cost-effective menus, promotions, and strengthening the membership...Show More

As of the six months ending on September 30, 2024, Dairy Farm Group's revenue decreased by 1.2% to 4.265 billion Hong Kong dollars, with a net profit attributable to shareholders of 144 million Hong Kong dollars, a year-on-year decrease of 28.2%. The gross margin dropped to 10.3%, mainly due to economic weakness and increased overseas consumption. The board announced a mid-term dividend of 15 Hong Kong cents per share, consistent with last year. Management pointed out that the Hong Kong market is under pressure due to economic slowdown and soft consumer demand, while the mainland China saw a downturn in the restaurant industry due to intense price competition. The group is addressing the challenges by introducing cost-effective menus, promotions, and strengthening the membership program, while steadily expanding its store network in the Greater Bay Area. Despite the short-term macroeconomic uncertainties, the group is confident in its competitive advantages. Looking ahead, the group will continue to enhance operational efficiency, control costs, promote digitalization and automation to improve service levels. Management holds an optimistic view on growth post-market recovery and plans to further expand operations in the Greater Bay Area.