Raymond Ind (00229) released its interim performance for the six months ended June 30, 2024, during which the group achieved...
The financial results of Raymond Ind (00229) for the six months ended on June 30, 2024 were announced. During this period, the group's revenue decreased by 19.33% to HKD 0.523 billion. The attributable net profit to the shareholders increased by 4.52% to HKD 26.821 million. The basic earnings per share were HKD 5.35. It is proposed to distribute an interim dividend of HKD 0.04 per share.
The announcement stated that the increase in net profit was due to the rise in the group's gross margin, despite the decrease in the group's turnover, thanks to a series of favorable macroeconomic factors. At the same time, the increase in interest rates also increased the group's interest income, resulting in a net profit that remained at a relatively ideal level compared to last year.
