VITASOY INT'L GROUP LIMITED announced the interim results for the six months ending September 30, 2024. During the period, revenue grew by 2% to 3.443 billion HKD, and operating profit surged by 50% to 0.257 billion HKD. The gross margin rose to 51.6%, primarily benefiting from lower raw material prices and production optimization. The profit attributable to the company's equity holders increased by 5% to 0.171 billion HKD.Business revenue from mainland China remained stable, with operating profit growing by 15% to 0.218 billion HKD. Revenue from Hong Kong grew by 3%, and operating profit increased significantly by 44%. Revenue from Australia and New Zealand grew by 7%, but recorded an operating loss of 45.5 million HKD due to production issues. The business in Singapore saw improvements in both revenue and profitability.The...Show More

VITASOY INT'L GROUP LIMITED announced the interim results for the six months ending September 30, 2024. During the period, revenue grew by 2% to 3.443 billion HKD, and operating profit surged by 50% to 0.257 billion HKD. The gross margin rose to 51.6%, primarily benefiting from lower raw material prices and production optimization. The profit attributable to the company's equity holders increased by 5% to 0.171 billion HKD.Business revenue from mainland China remained stable, with operating profit growing by 15% to 0.218 billion HKD. Revenue from Hong Kong grew by 3%, and operating profit increased significantly by 44%. Revenue from Australia and New Zealand grew by 7%, but recorded an operating loss of 45.5 million HKD due to production issues. The business in Singapore saw improvements in both revenue and profitability.The Board of Directors declared an interim dividend of 4.0 HK cents per share, a significant increase from 1.4 HK cents during the same period last year. The company stated that the goal for the second half is to maintain revenue growth and profitability after the peak summer season. Management remains confident in the long-term potential of the business fundamentals and product portfolio.