Summary by Moomoo AI
International Home Retail Limited (“International Home Retail”) announces unaudited interim results for the six months ended 31 October 2023. During the period, the Group recorded revenues of approximately HK$13.22 million, down 4.6% from the same period last year. The Company's equity holders accounted for a profit of HK$5076.4 million, down 35% from the same period last year. Gross margin increased slightly to 46.8%. The Board of Directors declared an interim dividend of HK5.6 cents per share. During the period, the Group actively expanded its global supplier network and introduced a variety of products to meet market demands. In terms of liquidity and financial resources, the Group maintained a strong cash position with cash and cash equivalents of HK$3.19 billion. In terms of human resources, the Group employs approximately 2190 employees, with a total employee cost of HK$2.17 million in the year. The Group is committed to providing a seamless online and offline shopping experience and launched its new branded online platform, “JHCEshop”, in November 2023.
