Tantzi International Limited announced its interim results for the six months ended September 30, 2024. Revenue increased by 1.2% to 1.404 billion HKD, mainly benefiting from the increase in the number of Restaurants. However, profit during the period decreased by 55.8% to 36.07 million HKD, primarily due to economic slowdown and intensified competition leading to greater discounting, as well as an increased proportion of business from delivery platforms raising commission fees.The group net added 9 branches during the period, bringing the total number of self-owned Restaurants to 235 as of September 30, 2024. Revenue in the Hong Kong market grew by 1.7% to 1.318 billion HKD, but operating profit fell by 14.7% to 0.224 billion HKD. Revenue from mainland China and overseas markets decreased by 7.2% to 84.65 million HKD, with operating losses widening...Show More

Tantzi International Limited announced its interim results for the six months ended September 30, 2024. Revenue increased by 1.2% to 1.404 billion HKD, mainly benefiting from the increase in the number of Restaurants. However, profit during the period decreased by 55.8% to 36.07 million HKD, primarily due to economic slowdown and intensified competition leading to greater discounting, as well as an increased proportion of business from delivery platforms raising commission fees.The group net added 9 branches during the period, bringing the total number of self-owned Restaurants to 235 as of September 30, 2024. Revenue in the Hong Kong market grew by 1.7% to 1.318 billion HKD, but operating profit fell by 14.7% to 0.224 billion HKD. Revenue from mainland China and overseas markets decreased by 7.2% to 84.65 million HKD, with operating losses widening to 9.01 million HKD.Looking ahead, the group will cautiously expand its network, planning to open 5 branches with the "Tantzi" and "Sango" brands in the second half of the fiscal year 2025. At the same time, the group will expand overseas markets through joint ventures and franchising, with the first franchise store scheduled to open in Melbourne, Australia by the end of November 2024. The Board of Directors declared an interim dividend of 1.35 HKD per share.