Food retailer Best Mart 360 (2360) said its net profit for the nine months ended December 2023 was HK$168.34 million, as several large events attracted tourists back to the city.
While announcing its financial year-end had changed from March 31 to December 31, it said that its annual net profit for the year ended March 2023 was HK$201 million.
A final dividend of 6 HK cents per share was declared.
Revenue for the period ended December 2023 rose 17.3 percent to HK$1.93 billion from the same period in 2022.
Around 97.9 percent of the revenue came from retail stores in Hong Kong, Macau and the mainland.
Best Mart 360 operated a total of 167 stores, with 159 in Hong Kong, seven in Macau, and one in the mainland.
During the nine-month period, sales rose by 3.4 percent, compared to a 2.5 percent increase for the year ended March 2023.
The company aims to continue focusing on Hong Kong’s market and optimize its product structure by including more necessities and developing its own products to meet market needs.
To maintain operational efficiency, the company plans to seek appropriate policies and suitable leasing strategies.
Store rentals for the period amounted to HK$183.15 million.
Hong Kong United Times丨香港聯合時報丨HKUT 