On June 28th, GLH issued a notice that the revenue for the fiscal year ending March 31, 2024 was HKD 15.3 billion, up 28.0% from the same period last year. The main drivers of growth were the low base effect and the comprehensive customs clearance between China's Hong Kong, Macao, and mainland China, which stimulated the recovery of the retail business in China's Hong Kong and Macao, and became the main driving force for the Group's growth. Retail revenue surged 45.3% to HKD 12.75 billion, accounting for 83.2% of the group's total revenue, mainly driven by the sales of gold products. The ratio of operating expenses to revenue improved by 0.6 percentage points to 15.0%. In addition, a one-time valuation gain of approximately HKD 187 million was recorded due to the acquisition of HKRH. Therefore, operating profit increased by 34.2% to HKD 2.12 billion.
During the reporting period, the attributable profit of equity holders increased by 37.6% to HKD 1.77 billion, the second-highest annual performance in the group's history. It is recommended to pay a final dividend of HKD 0.64 per share, with a total dividend of HKD 1.41 per share for the year, and a dividend payout ratio of 47%.