Fulum Interim Results Out of the Red Recorded a net profit of approximately HK$8.7 million Expand the catering portfolio to meet the needs of diners
Highlights:
- A turnaround from net loss of approximately HK$2.3 million to net profit of approximately HK$8.7 million
- Gross profit increased by 2.4% to approximately HK$531.9 million
- Gross profit margin increased by 3.6 percentage points to 69.6%
- As at 30 September 2022, the Group operates a total of 96 restaurants in Hong Kong, increased 13 restaurants YoY, of which “Asian Catering Line” increased 16 restaurants compared with the corresponding period last year
- Continued to adopt a branding strategy of full-time catering by increasing the number of brands and categories under “Asian Catering Line”, which is one of the growth momentums of the Group
- Basic earning per share was HK 0.67 cents, compared with Basic loss per share of HK 0.17 cents in the corresponding period last year
