IH RETAIL Limited announced its unaudited interim results for the six months ended October 31, 2024. During the period, the group recorded revenue of 1.271 billion HKD, a year-on-year decrease of 3.9%; the profit attributable to equity holders of the company was 32.96 million HKD, down 35.1% year-on-year. The gross margin slightly increased to 47.0%. The Board of Directors declared an interim dividend of 4.0 HKD cents per share.The group stated that the Hong Kong Retail Trade market is currently undergoing a transformation, with travel and shopping habits in mainland China becoming more routine. The strong US dollar and a soft Capital Markets environment have further suppressed the consumption desire of Hong Kong people. The group is committed to providing high-quality products...Show More

IH RETAIL Limited announced its unaudited interim results for the six months ended October 31, 2024. During the period, the group recorded revenue of 1.271 billion HKD, a year-on-year decrease of 3.9%; the profit attributable to equity holders of the company was 32.96 million HKD, down 35.1% year-on-year. The gross margin slightly increased to 47.0%. The Board of Directors declared an interim dividend of 4.0 HKD cents per share.The group stated that the Hong Kong Retail Trade market is currently undergoing a transformation, with travel and shopping habits in mainland China becoming more routine. The strong US dollar and a soft Capital Markets environment have further suppressed the consumption desire of Hong Kong people. The group is committed to providing high-quality products at competitive prices and continues to develop new in-house brand products. Benefited by the strong HKD, the group has gained a competitive advantage in global procurement costs.Looking ahead, the group will strengthen core Business operations by controlling costs through strict budget management and optimizing the workforce. The group will actively cooperate with the Hong Kong government's support measures, enhance procurement across different product categories, and accelerate the adjustment of the product mix to promote local and cross-border Consumer opportunities, while providing convenience for customers' lives and injecting new momentum into the group's revenue.