TJI FY2024 lnterim Revenue Up 10% Profit for the Period, excluding Government Subsidies, Surges 153%
- Written by The Bulletin
Seeks Faster Growth through Franchise & Multi-Brand Strategy
Results Highlights- Group's revenue grew 10.0% to HK$1,387.4 million, driven by 14 net openings in restaurant network and moderate comparable restaurant revenue growth in Hong Kong
- Profit for the period excluding government subsidies(1) increased by 153.1% to HK$81.4 million
- Operating profit margin(2) in Hong Kong stood high at 20.2%
- Narrowed operating loss(2) outside Hong Kong by 68.3% to HK$5.3 million
- Exploring franchise arrangements to enter Australia and the Philippines, and brand diversification in Hong Kong
- The Board has resolved to declare an interim dividend of HK3.0 cents per share (1H2023: Nil)
Notes:
(1) This is a non-HKFRS measure, defined as profit for the relevant period deducting government subsidies, which are non-recurring income.
