Fulum FY2023 Annual Results Out of the Red
- Written by Viw Magazine
Recorded a net profit of approximately HK$21.1 million
Proposed a final dividend of HK$0.3 cents per share
Highlights:
Proposed a final dividend of HK$0.3 cents per share
Highlights:
- A turnaround from net loss of approximately HK$49.2 million to net profit of approximately HK$21.1 million
- Gross profit margin increased by 4.7 percentage points to 70.1%
- As at 31 March 2023, the Group operates a total of 102 restaurants in Hong Kong, increased 11 restaurants YoY, of which "Concept Line" increased 13 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 "Concept Line", which is one of the growth momentums of the Group, to provide customers with diversified choices
- Basic earning per share was HK$1.63 cents, compared with Basic loss per share of HK$3.78 cents in the corresponding period last year.
