Ms Group Holdings (01451.HK) announced that for the six months ended June 30, 2024, the revenue generated from the OEM business was approximately HKD 176.7 million, an increase of approximately 65.6% compared to the same period in 2023 when it was approximately HKD 106.7 million. The improvement in the sales performance of the OEM business is mainly due to an increase in orders from existing customers, particularly for the production of stainless steel sports water bottles.
During the period, the Group recorded a net profit of approximately HKD 19.0 million, an increase of approximately HKD 9.9 million or 168.1% compared to the same period last year when it was approximately HKD 9.1 million. The increase in net profit is mainly due to an increase in sales orders from the main customers of the aforementioned OEM business.
