Summary by Moomoo AI
Tan International ("Tan International" or "the Company") announces the interim performance for the six months ending on September 30, 2024. Despite facing challenges, the company's revenue still achieved a growth of 1.2%, reaching 1403.5 million Hong Kong dollars. The interim profit for the period was 36.1 million Hong Kong dollars, a decrease of 55.8% compared to the same period last year. The Hong Kong market is the main source of income, contributing 93.9% of the total revenue. The company is actively expanding into overseas markets, opening 3 branches in Australia and venturing into Malaysia. In addition, Tan International declared an interim dividend of HK$1.35 per share, with a dividend payout ratio of 50.0%. The company also acquired nine restaurants of "Marugame Seimen" in Hong Kong in November 2024 and plans to launch a brand new POS and CRM system in the second half of the 2025 fiscal year to enhance operational efficiency.
