International Housewares Retail Co (HK:1373) has released an update.
International Housewares Retail Company Limited reported a decrease in annual revenue to HK$2.69 billion, a 4.9% drop from the previous year, mainly due to a decline in anti-pandemic product demand. Profits also fell by 32% to HK$101 million, returning to pre-pandemic levels, despite a slight increase in gross profit margin to 46.9%. Additionally, the firm announced a total dividend of HK11.2 cents per share and maintained a strong financial position with HK$338.5 million in cash and equivalents.
For further insights into HK:1373 stock, check out TipRanks’ Stock Analysis page.