Tsui Wah Holdings' Profit Drops 36% in Fiscal 2024; Shares Up 3%

MT Newswires Live06-28

Tsui Wah Holdings' (HKG:1314) profit attributable to equity shareholders for the year ended March 31, came in at HK$39.1 million, 35.5% lower than HK$60.6 million from the previous fiscal year, a Friday filing with the Hong Kong Exchange said.

The company saw earnings per share of HK$0.0285 for the reporting year, as compared to HK$0.0438 from a year ago.

The company recorded a revenue of HK$954.1 million for the year, increased by 12.8% from HK$845.8 million in the year-ago period. The increase has been attributed to the rebound of the company's China and Hong Kong businesses after recovery from the COVID-19 epidemic.

The company proposed a second interim dividend of HK$0.025 per share for the year. Total dividend for the year came in at HK$0.035. The second interim dividend is expected to be paid on or about July 31.

Tsui Wah Holdings' shares were up nearly 3% in recent trade.

Price (HKD): $0.21, Change: $+0.01, Percent Change: +2.93%

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