According to the Zhitong Finance App, CEC INT'L HOLD (00759) announced the annual results for the year ended April 30, 2023. The group achieved HK$1,692 billion during the period, a decrease of 15.76%; shareholders should have a profit of HK$495.65 million, an increase of 24.27% over the previous year; basic profit of HK7.44 cents per share; and plans to pay a final dividend of HK$1 cents per share.

The announcement said that during the review period, sales of food products with lower gross profit levels were drastically adjusted to pre-pandemic levels, while sales of product categories with relatively high gross profit levels, such as snack food, beverages, and alcohol, were very stable, prompting the segment gross margin of the retail business to improve to 39.3% (2022:35.2%), an increase of 4.1 percentage points over the previous year, which is enough to offset most of the impact of the 15.3% decline in retail segment revenue this year.