Summary by Moomoo AI
For the six months ended 30 September 2024, VitaMilk's international revenue reached HK$3443 million, up 2% year-on-year; gross margin increased to 51.6%. Operating profit increased significantly by 50% to HK$257 million, mainly from the Mainland China and Hong Kong business. Profit after tax was HK$176 million, up 6% year-on-year. The Board of Directors declared an interim dividend of HK$4.0 cents per ordinary share.Management noted that revenue growth was due to lower raw material prices and optimized production processes. Operating profit in Mainland China increased by 15% and operating profit in Hong Kong increased by 44%. Revenue growth resumed in the Australian and New Zealand markets, and revenue from the tofu business in Singapore increased. Cash and bank deposits increased to HK$935 million...Show More