VITASOY INT'L (00345) announced interim results. Profit attributable to shareholders was HK$171 million, up 5% year-on-year

According to the Zhitong Finance App, VITASOY INT'L (00345) announced interim results for the six months ended September 30, 2024, with revenue of HK$3.443 billion, up 2% year on year; gross profit of HK$1,777 billion, up 4% year on year; profit attributable to the company's equity holders of HK$171 million, up 5% year on year; profit per share of HK$15.9 cents, to declare an interim dividend of HK4.0 cents per share.

According to reports, the Group's revenue increased by 2%. In Hong Kong dollars, the Group's gross margin rose to 51.6%, mainly due to lower raw material prices and production process optimization benefits. Operating profit increased sharply by 50%, with the main contribution coming from business in mainland China and Hong Kong, China.