Glonghui November 28 | Jiajiale Group (00341.HK) announced interim results. In the six months ended September 30, 2023, the Group's revenue increased 10.8% to HK$4,318.6 billion, and profit attributable to shareholders increased by 84.4% to HK$200.6 million. Excluding the COVID-19 funding granted by the government each year, the profit that group shareholders should have accounted for about three times the same period last year during the review period. It is proposed to pay an interim dividend of HK15 cents per share.
The significant recovery in Hong Kong's business performance is due to excellent operational planning, well-designed product and menu choices, and successful brand image planning and marketing campaigns to drive rapid growth in Hong Kong's business. The profit margin of the fast food and beverage business has improved dramatically, mainly due to actively controlling operating costs, increasing staff productivity, strengthening supply chain management and strategic procurement, and promoting digitalization and automation to achieve results.
The mainland China business achieved encouraging results, particularly in the second quarter. Although the current economic environment in mainland China is not without challenges, as the Group focuses on developing the huge mass consumer market in the Greater Bay Area and continues to expand its store network in the Greater Bay Area, business has recovered, and same-store sales have recorded strong growth.