International Housewares Retail (01373) said its profit attributable to equity holders for the six months ended 31 October 2014 dropped 43.3% year-on-year to HK$44.83 million.
Its basic and diluted earnings per share were HK6.2 cents and HK6.17 cents.
The revenue was HK$901 million, an increase of 14.6% from a year earlier. The group's overall comparable store sales growth was 8%, as compared to 12% for the same period in 2013. The gross profit margin rose slightly to 47.1% from 46.8%, 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 interim dividend is HK4.9 cents (2013: HK2 cents with special dividend of HK4 cents) per share, payable on or around 29 January 2015.