Helens International Holdings has posted an adjusted net profit of RMB90.3 million ($16.58 million) in 1HFY2024 ended June, down 51% y-o-y.
The adjusted net profit includes secondary listing expenses and losses from its bars optimisation and adjustment. The company has primary listing on the Hong Kong Stock Exchange and secondary listing on the SGX mainboard, debuting on the latter on July 19.
For 1HFY2024, Helens recorded revenue of RM441.3 million, down 37.8% y-o-y. This was due to a relatively high performance base in 1HFY2023, when the company witnessed a significant post-pandemic recovery.
As at June 30, cash and cash equivalents stood at RMB148.8 million.
The company’s board has approved the proposed interim dividend of RMB0.1573 per share for 1HFY2024.
As at August 26, Helens has a total of 581 bars globally, including three bars in Singapore, one bar in Japan, one bar in Hong Kong and 576 bars across 31 provincial-level administrative regions and 239 cities in Mainland China.
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Looking forward,the company will continue to pursue its platform-based development strategy, focus on its core businesses of supply chain management and space creation, as well as accelerate the deployment of its extensive terminal network.
Shares in Helens closed flat on Aug 29 at 32 cents.
