Summary by Moomoo AI
For the six months ended 30 September 2024, ULE Group's revenue decreased by 1.2% to HK$42.65, and shareholders accounted for a profit of HK$1.44, down 28.2% year-on-year. Gross profit decreased to 10.3%, mainly due to economic weakness and increased overseas consumption. The Board of Directors declared an interim dividend of HK15 cents per share, in line with last year.Management noted that the Hong Kong market was under pressure due to the weak economy and weak consumption, while the Chinese mainland caused the food and beverage sector to decline due to intense price competition. The Group has risen to the challenge by introducing price-to-value menus, promotions and strengthening its membership program, and is steadily expanding its network of storefronts in the...Show More