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.