According to the Zhitong Finance App, Delin International (01126) announced its interim results for the six months ended June 30, 2023, with revenue of HK$2,489 million, a year-on-year decrease of 12.41%; profit of HK$334 million for the period, an increase of 65.66% over the previous year; profit of HK$0.493 per share; and proposed an interim dividend of HK20 cents per share.
According to reports, due to the increase in revenue contribution of the plush toy division, the stability of raw material prices, and the Group's strict implementation of cost control measures and efforts to improve production efficiency, gross profit increased by 16.3% during this period to HK$576.6 million (6 months ending June 30, 2022: HK$495.7 million), and gross margin increased to 23.2% (6 months ending June 30, 2022:17.4%).