According to the announcement, during the review period, the group's gross profit decreased by 37.7% to 0.108 billion Hong Kong dollars compared to the same period last year, and the gross margin decreased by 1.2 percentage points to 24.8%. The decrease in gross profit and gross margin was mainly due to the weak retail market conditions in Hong Kong and Macau, which led to a decline in revenue; and the increase in commodity and raw material costs. However, considering the market strategy, the group did not pass on all the increased costs to consumers.

Tycoon Group (03390) released its interim performance for the six months ended June 30, 2024, during which the group achieved revenue of 0.435 billion Hong Kong dollars, a decrease of 34.71% compared to the same period last year; and a net profit attributable to shareholders of 21.009 million Hong Kong dollars, a decrease of 76%; earnings per share of 3 Hong Kong cents.