Tastegourmet gp (08371.HK) announced on ****at, according to the preliminary review of the group's unaudited comprehensive management accounts for the year ending March 31, 2024 ("FY2024"), the group is expected to record significant growth compared to the year ending March 31, 2023 ("FY2023"): (1) income is expected to increase by more than 35% compared to FY2023; and (2) the company's net income and shareholder's profit after deduction of government subsidies received in FY2023 is expected to increase by over 72% compared to FY2023.

The main reasons for the increase are: (1) in FY2023, dine-in service was prohibited from early January 2022 to late afternoon of April 2022; (2) more restaurants opened in FY2024, and restaurants opened in FY2023 contributed to full-year revenue in FY2024; and (3) per capita consumption increased.