International Housewares Retail (01373) said its profit attributable to owners for the year ended 30 April 2016 dropped 24.8% year-on-year to HK$66.49 million.
Basic and diluted earnings per share were HK9.2 cents.
The revenue was HK$2,039.6 million, an increase of 4.5% from a year earlier.
Hong Kong market sustained a comparable store sales growth of 5.3% (2014/15: 8.2%).
The Group's gross profit rose 5% to HK$948 million while gross profit margin increased slightly to 46.5% (2014/15: 46.3%).
The proposed final dividend is HK5.6 cents (2015: HK5.6 cents) per share, payable on or around 17 October 2016.