Zhongmin Baihui Retail Group, a Singapore-listed operator of department stores in China, has reported earnings of RMB23.8 mil ($4.36 million) for FY2024 ended June 30, up 29.5% y-o-y.
The group’s earnings for 2HFY2024 fell by 21.8% y-o-y to RMB22.2 million from the same period in 2023.
Earnings per share stood at 12.42 RMB cents for FY2024, up from a share of 11.08 RMB cents in FY2023.
The group’s revenue saw a 1.7% y-o-y increase to RMB983.8 million in FY2024, largely due to the increase in sales of gold and Maotai liquor.
Similarly, the group’s gross profit for FY2024 was up 7.3% at RMB231.8 million on the back of higher revenue and gross profit margin. Gross profit margin in FY2024 stood at 23.6%, up from 22.3% in FY2023 due to an increase in the gross profit margin of gold.
A final dividend of 1 cent per share has been declared for the year, unchanged y-o-y.
See also: Envictus reports profit turnaround with earnings of RM50.6 mil
Shares in Zhongmin Baihui 5SR Retail Group closed at an unchanged 62 cents on Aug 27.
