Financial Performance - The group's revenue reached a record high of HKD 1,386,665,000, representing a growth of 5.5% compared to HKD 1,314,301,000 in the previous period[3] - Profit attributable to equity holders increased by 16.0% to HKD 110,350,000, up from HKD 95,141,000 in the previous period[4] - Adjusted profit, excluding COVID-19 related subsidies, grew by 10.3% to HKD 83,744,000, compared to HKD 75,901,000 in the previous period[4] - Gross profit rose by 5.0% to HKD 646,953,000, compared to HKD 616,416,000 in the previous period[5] - Operating profit increased to HKD 135,760 thousand, a rise of 13.6% from HKD 119,470 thousand in the previous year[30] - Net profit for the period was HKD 109,866 thousand, reflecting a year-on-year increase of 14.4% from HKD 96,104 thousand[30] - Basic earnings per share rose to HKD 15.37, compared to HKD 13.26 for the same period last year, marking an increase of 15.9%[30] - The company reported a total comprehensive income of HKD 105,809 thousand for the period, up from HKD 96,365 thousand in the previous year, representing a growth of 9.5%[30] Dividends - The board declared an interim dividend of HKD 0.12 per share, an increase of 14.3%[6] - The company declared an interim dividend of 12.0 HKD cents per share, totaling approximately HKD 86,380,000, compared to HKD 105,600,000 in the previous year[79] - The interim dividend represents an increase from the previous interim dividends of HKD 0.105 and special dividend of HKD 0.042 per share for the 2021/22 period[84] Cash and Assets - The group maintained a strong cash position with cash and cash equivalents amounting to HKD 468,846,000 as of October 31, 2022, up from HKD 416,923,000 on April 30, 2022[15] - Total assets as of October 31, 2022, were HKD 1,735,259 thousand, slightly down from HKD 1,738,760 thousand as of April 30, 2022[34] - Cash and cash equivalents increased to HKD 468,846 thousand from HKD 416,923 thousand, indicating a growth of 12.4%[32] - The group’s non-current assets (excluding intangible assets and deferred tax assets) totaled HKD 733,896 thousand as of October 31, 2022, down from HKD 801,575 thousand as of April 30, 2022, a decrease of about 8.4%[62] Market Performance - Retail sales revenue reached HKD 1,365,174,000, an increase of 4.6% from HKD 1,305,512,000 in the previous year, accounting for 98.5% of total revenue[21] - Revenue from the Hong Kong market grew by 5.6% to HKD 1,227,140,000, with same-store sales increasing by 4.5%[23] - Singapore revenue increased by 7.1% to SGD 24,036,000, despite a reduction in store count, with same-store sales growing by 13.8%[24] - Macau's revenue recorded HKD 24,469,000, up from HKD 22,726,000 in the previous year[24] - Wholesale and franchise income surged to HKD 21,491,000, up from HKD 8,789,000 in the previous year[22] Operational Developments - The group employed approximately 2,061 staff, with total employee costs amounting to HKD 192,564,000, compared to HKD 187,603,000 in the previous period[16] - The new logistics center in Kwai Chung is set to commence operations in the first half of 2023, aimed at enhancing supply chain capabilities[26] - The company is actively exploring new product categories such as food, 3C products, and smart living products to diversify its offerings[12] - The company aims to enhance its OEM product offerings to improve market penetration and contribute to revenue and gross margin[27] - The group continues to expand its global supplier network and enhance procurement across various product categories[11] - The company is actively expanding its global supplier network to reduce procurement costs and improve gross margins[26] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and emphasizes the importance of good corporate governance practices[81] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the period[82] - The company has confirmed compliance with the standard code for securities transactions by directors throughout the reporting period[83] - The chairman and CEO roles are currently held by the same individual, which the board believes is in the best interest of the company[81] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[37] - The group expects to continue evaluating new strategies for market expansion and product development in the upcoming periods[44] - The group is currently assessing the impact of new accounting standards effective from January 1, 2023, with an initial conclusion that they are not expected to have a significant impact on the group's financial performance[44] Miscellaneous - The company expresses gratitude to management, employees, customers, business partners, and shareholders for their support and trust[90] - The company will suspend share transfer registration from January 10 to January 13, 2023, to facilitate the payment of the interim dividend[88] - The interim results announcement for the six months ending October 31, 2022, will be published on the stock exchange and the company's website[89] - The group had no inter-segment sales for the six months ended October 31, 2022, indicating all reported revenue came from external customers[55]
国际家居零售(01373) - 2023 Q2 - 季度业绩