Super Hi International Shares Rise Nearly 4% Pre-Midday, Q1 Operating Profit Jumps 70.7%

Deep News12:03

Super Hi International Holding (09658) saw its shares rise nearly 4% in morning trading. At the time of reporting, the stock was up 3.89%, trading at HK$10.95 with a turnover of HK$8,979,500.

The company released its first-quarter results after the market close yesterday. Revenue reached $226 million, a year-on-year increase of 14.2%. Operating profit was $14 million, surging 70.7% compared to the same period last year, with the operating profit margin recovering to 6.2%, an improvement of 2.1 percentage points from the previous year. The overall table turnover rate reached 4.0 times per day, while same-store sales grew by 4.0%.

However, net profit for the period was $4.1 million, a decrease of 65.7% year-on-year. This decline was primarily attributed to a net foreign exchange loss that increased by $11.7 million compared to the prior year, mainly due to the depreciation of local currencies against the US dollar.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment