Men's Weekly

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Business Telegraph

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TJI FY2024 lnterim Revenue Up 10% Profit for the Period, excluding Government Subsidies, Surges 153%

  • Written by Telegraph Magazine

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)

Read more: TJI FY2024 lnterim Revenue Up 10% Profit for the Period, excluding Government Subsidies, Surges 153%

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