Fulum Interim Results Out of the Red Recorded a net profit of approximately HK$8.7 million Expand the catering portfolio to meet the needs of diners
- Written by The Bulletin
Highlights:
Financial Highlights
- A turnaround from net loss of approximately HK$2.3 million to net profit of approximately HK$8.7 million
- Gross profit increased by 2.4% to approximately HK$531.9 million
- Gross profit margin increased by 3.6 percentage points to 69.6%
- As at 30 September 2022, the Group operates a total of 96 restaurants in Hong Kong, increased 13 restaurants YoY, of which “Asian Catering Line” increased 16 restaurants compared with the corresponding period last year
- Continued to adopt a branding strategy of full-time catering by increasing the number of brands and categories under “Asian Catering Line”, which is one of the growth momentums of the Group
- Basic earning per share was HK 0.67 cents, compared with Basic loss per share of HK 0.17 cents in the corresponding period last year
Financial Highlights
| For the six months ended 30 Sep | |||
| HK$’000 | 2022 | 2021 | Change |
| Revenue | 764,560 | 787,123 | -2.9% |
| Profit attributable to owners of the Group | 8,668 | (2,258) | - |
| Gross profit | 531,928 | 519,461 | +2.4% |
| Gross profit margin | 69.6% | 66.0% | +3.6 p.p. |
