22 June 2016
Annual Results Announcement (For the year ended 31 March 2016)
- The Group faced a challenging year in FY2015/16 as a result of the weakening economy and market conditions. Despite this, the Group’s revenue for the year reached HK$7.57 billion, an increase of 2.9%; and profit attributable to shareholders amounted to HK$518 million, a 11.7% decline or 6.6% lower if certain non-operating and non-recurring items were excluded.
- The Group continued to perform well in its quick service restaurants and institutional catering businesses with steady growth in the fast casual and casual dining sector, whereas results in Mainland China declined due to market conditions.
- With a diversified portfolio of strong brands and the successful leadership transition during the year, the Group is well positioned for long-term sustainable growth.
- A final dividend of HK63 cents per share (2015: HK61 cents) and a special dividend of HK35 cents per share (2015: Nil) are recommended, with a total dividend payout ratio of 130.7% for the year.
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