Summary by Moomoo AI
Tsim Sha Tsui International Limited announced its interim results for the six months ending September 30, 2024. During this period, revenue increased by 1.2% to 1.404 billion HKD, mainly benefiting from an increase in the number of Restaurants. However, net profit fell by 55.8% to 36.07 million HKD, primarily due to economic slowdown and intensified competition leading to greater discounts, as well as an increase in service fees due to the rise in the proportion of delivery platform business.The Group net added 9 branches during this period, bringing the total number of self-operated Restaurants to 235 as of September 30, 2024. Revenue in the Hong Kong market grew by 1.7% to 1.318 billion HKD, but operating profit dropped by 14.7% to 0.224 billion HKD. Revenue from Mainland China and overseas markets decreased...Show More