For the six months ended September 30, 2024, Fairwood Hold's revenue dipped slightly by 0.3% to 1.5535 billion Hong Kong dollars, while the net profit attributable to shareholders plummeted significantly to 15.5 million Hong Kong dollars, a 57% year-on-year decrease. The basic earnings per share were 11.98 Hong Kong cents, with the board of directors declaring an interim dividend of 5.0 Hong Kong cents per share. The group held cash and cash equivalents of 0.5958 billion Hong Kong dollars, with no bank debt. Management pointed out that the Hong Kong retail and dining industries are facing challenges due to declining consumer spending and changing consumer behavior. The group has formulated strategies to address this, including focusing on dinner markets and expanding the selection of value products...Show More

For the six months ended September 30, 2024, Fairwood Hold's revenue dipped slightly by 0.3% to 1.5535 billion Hong Kong dollars, while the net profit attributable to shareholders plummeted significantly to 15.5 million Hong Kong dollars, a 57% year-on-year decrease. The basic earnings per share were 11.98 Hong Kong cents, with the board of directors declaring an interim dividend of 5.0 Hong Kong cents per share. The group held cash and cash equivalents of 0.5958 billion Hong Kong dollars, with no bank debt. Management pointed out that the Hong Kong retail and dining industries are facing challenges due to declining consumer spending and changing consumer behavior. The group has formulated strategies to address this, including focusing on dinner markets and expanding the selection of value products to increase customer numbers and profitability. Additionally, the group has introduced a soft meal plan for the elderly and people with swallowing difficulties, as well as strengthening connections with the local community. Looking ahead, the group expects the Hong Kong dining industry to undergo long-term structural adjustments, believing that the trend of downgrading consumption under economic pressure will bring growth opportunities. Management is confident in the group's business positioning and innovative strategies, anticipating better performance in the future.