Zhitong Financial App News, Denghui Holdings (01692) announced that the group's income for the six months ended June 30, 2023 was about HK $397 million, a decrease of about 4.9% over the same period last year; the profit attributable to shareholders was about HK $87.3 million, an increase of about 42.6% over the same period last year; basic earnings per share was about HK24.33 cents; an interim dividend of HK15 cents per share is proposed.
European countries experienced high inflation in energy and food prices at the beginning of 2023, the notice said. Although inflation gradually moderated in the second quarter of 2023, weaker consumer sentiment and slow inventory turnover at the retail level put tremendous pressure on retailers. These challenges have led retailers to adopt a more prudent procurement approach in placing new orders and replenishing inventory. However, thanks to years of sustained diversification efforts to strengthen its customer base and to respond quickly to the changing needs of its customers, Denghui was able to offset some of the decline in demand from existing customers through new orders from new customers. As a result, Denghui has achieved relatively stable returns during the period.