Vitasoy International (00345) said its profit attributable to equity shareholders for the year ended 31 March 2017 rose 16.5% year-on-year to HK$618 million.
Basic and diluted earnings per share were HK58.9 cents and HK58.4 cents.
Revenue amounted to HK$5,406 million, a decrease of 2.6% from a year earlier.
Gross profit margin improved to 53% from 51%, attributable to improved manufacturing efficiency resulting from increased volume, as well as favourable commodity prices - particularly for milk powder, soya beans, packaging materials and crude oil. Excluding the impact of the North American divestiture, gross profit margin remained at a similar level to that of last year.
The Board of Directors is recommending a final dividend of HK27.1 cents (2016: HK26.5 cents) per ordinary share and a special dividend of HK4.2 cents (2016: Nil) per ordinary share, payable on 26 September 2017.
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