Summary by Moomoo AI
For the year ended 30 September 2024, Oriental Watch Group's revenue decreased by 2.6% year-on-year to HK$18, while gross profit decreased by 2.1% to HK$5.6, and gross margin remained at 31.1%. NET PROFIT FELL 13.8% YEAR-ON-YEAR TO HK$1.19. The Company declared an interim dividend of HK$6.1 cents per share and a special dividend of HK$18.5 cents per share.Management noted that the demand for luxury goods decreased due to weak investment markets and falling consumer confidence, leading to a decline in business performance. Nevertheless, the company's revenue in mainland China increased by 1.6% year-on-year to HK$13.23. Revenue in Hong Kong fell 12.2% to HK$4.24 on the back of the strong currency and the shift in tourism spending. The company optimizes...Show More