Cafe de Coral Announces Year-End Growth and Leadership Change

Cafe de Coral Holdings Ltd. (HK:0341) has released an update.

Cafe de Coral Holdings Ltd. reported a substantial increase in its annual revenue, reaching HK$8,691.4 million, with a profit of HK$330.5 million, approximately 4.8 times higher than the previous year excluding government subsidies. The company saw improved gross profit margins and strong business recovery in both Hong Kong and Mainland China, leading to the recommendation of a final dividend of HK42 cents per share. Despite economic headwinds, the Group remains optimistic and welcomes a new CEO, Piony Leung, as it continues to adapt and grow its business models.

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