Hong Kong SAR- Media OutReach Newswire – 1 August 2024 – The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.
Highlights
Underlying Group profit attributable to shareholders of US$76 million, up from US$33 million in the prior year
Good profit growth in Food and Convenience
Health and Beauty profit contribution grew 3%
Continued net debt reduction
Interim dividend of US¢3.50 per share
“We are pleased to report strong first half underlying profit growth to US$76 million. Despite a challenging retail backdrop, our Hong Kong food business continued to see market share gain with improving profitability. Good underlying profit growth in the Convenience segment and robust profit contribution from Health and Beauty demonstrate the benefit of our diversified portfolio as we continue to navigate the evolving consumer landscape effectively with our strategic initiatives and accelerating omnichannel presence.”
Scott Price Group Chief Executive
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