Haidilao operator Super Hi back in the red with US$11.6 million loss in Q4

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Haidilao operator Super Hi back in the red with US$11.6 million loss in Q4

businesstimes03-25

SUPER Hi International, the operator of hot pot restaurant Haidilao, recorded a net loss of US$11.6 million for the fourth quarter ended Dec 31, 2024, reversing from a net profit of US$23.3 million in...

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The Singapore-based restaurant operator is dual-listed in Hong Kong and in the US, on the Nasdaq.Loss per share was US$0.02 in Q4, a reversal from the profit per share of US$0.04 in the same period a year prior. For the full year, profit declined by 15.4 per cent year on year to US$21.4 million, due to higher net foreign exchange losses. Meanwhile, revenue rose 13.4 per cent to US$778.3 million and operating income was up 23.7 per cent at US$53.3 million. Super Hi attributed the higher operating income to economies of scale driving operating expense improvements, as well as an enhanced gross profit margin due to supply chain optimisation.Profit per share was US$0.04 for the year, compared with US$0.05 in 2023. Super Hi chief executive and executive director Yang Lijuan said the group will continue expanding its Haidilao restaurant network and optimising store layout. It will also “intensify support” for its strategy to further diversify its business offerings and broaden its customer base, she added.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}