Summary by Moomoo AI
Vitasoy Int'l announced its performance for the fiscal year ended on March 31, 2024, with revenue slightly down 2% to HKD 6.217 billion but gross profit increased 3% to HKD 3.111 billion, and gross margin improved to 50%. Operating profit increased significantly by 79% to HKD 185 million, and the attributable profit to equity holders of the company increased by 155% to HKD 116 million. Mainland China business revenue grew by 10%, Hong Kong business remained stable, and Australian and New Zealand business were affected by production target issues and logistical transition issues. Singapore's beverage sales declined, but tofu exports showed strong growth. The group's cash and bank deposits increased to HKD 538 million and a final dividend of HKD 0.063 per ordinary share was proposed, with a total annual dividend of HKD 0.077 per ordinary share.
