TC

24/07/2014 16:57

IH Retail (01373) year net up 42% to HK$144m; div HK4.5 cts

    International Housewares Retail (01373) said its profit attributable to equity holders for the year ended 30 April 2014 rose 42.2% year-on-year to HK$144 million.
  Its basic and diluted earnings per share were HK22.2 cents and HK22.1 cents.
  The revenue was HK$1.75 billion, an increase of 16.6% from a year earlier.
  The gross profit margin of the Group increased slightly from 46.1% to 46.5%, due to management's further steps to streamline the logistics arrangement with suppliers as well as bargaining more favorable pricing that reduced the procurement cost.
  The proposed final dividend is HK4.5 cents per share, payable on or around 17 October.

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