Gelonghui August 22?Daoxiang Holdings (00573.HK) announcementUnaudited interim results for the six months ended June 30, 2023, earnings of HK $1.505 billion, an increase of 42.2% over the same period last yearThe profit attributable to the owner of the parent company was HK $33.4 million, compared with a loss of HK $101 million last year.The basic profit per share is HK3.29 cents.The board of directors resolved to pay an interim dividend of HK3.00 cents per share for the six months ended 30 June 2023.
Business in Hong Kong has recorded encouraging growth, particularly in dining and banquets. In addition, same-store sales recorded a considerable growth, driven by an increase in customer flow and an increase in per capita consumption. The group's "Zhong Cai Restaurant" and other specialty brands have also recorded strong growth, reflecting their ability to attract more customers with strong spending power, high-quality food, comfortable environment and traditional Chinese cuisine. The total number of restaurants in "Zhong Cai Restaurant" has increased from three before the outbreak to one per year to six at the end of the period. As for other characteristic brands, in January 2023, the Group launched a "fashion vera" for the wedding and banquet market in a prime location in Tsim Sha Tsui. It has a spacious space and can be used as a venue for large-scale enterprise activities and other functions.
During the period, restaurants of "Daoxiang Tea House" and other Daoxiang brands also recorded healthy growth. It is worth noting that its characteristic brand restaurant "Hakka good Inn" and the new brand "No.1 fishing boat" will open in the second half of 2023.