Gelonghui, August 28, 丨 Dynasty Liquor (00828.HK) announced the interim results for the six months ended June 30, 2024, with revenue growth of 6% to approximately HK$0.135 billion; profit attributable to company owners increased 73% to approximately HK$18.5 million; and basic earnings per share increased to approximately HK$1.3 (June 30, 2023: HK 0.9 cents).
The increase in profit was mainly due to i) the increase in operating profit benefiting from a moderate increase in sales revenue and continued innovation in the Group's products and consumption scenarios in the People's Republic of China (“China”); and ii) an increase of approximately HK$6,500,000 in government subsidies received by the Group for the period ending June 30, 2024. After deducting non-recurring government subsidies and net proceeds from the sale of property, plant and equipment, the company also recorded a profit increase of about 43% during the period.
