Summary by Moomoo AI
STELUX announced its business performance for the fiscal year ending on 31 March 2024, with a 4.7% decrease in revenue to HKD 767,561,000 compared to the previous fiscal year. The company recorded a net profit of HKD 473,325,000 during the year, a substantial increase from HKD 511,050,000 in the same period last year, with earnings per share increasing from HKD 0.0485 to HKD 0.4521. The income statement shows a pre-tax profit of HKD 481,706,000, up from HKD 59,571,000 in the same period last year. Total assets increased from HKD 10,631,230,000 to HKD 14,286,250,000 compared to the previous year. Shareholders' funds increased from HKD 4,240,520,000 to HKD 9,065,800,000 and the debt-to-equity ratio decreased from 60.7% to 18.3%. The company did not declare dividends. During the reporting period, STELUX sold a wholly-owned subsidiary for a total price of approximately HKD 535,103,000 and continued to invest in and develop its e-commerce business, while implementing inventory control and cautious purchasing measures. The board of directors does not recommend the announcement of final dividends for the fiscal year ending on 31 March 2024.
