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International Housewares Retail Co ( (HK:1373) ) has shared an update.
International Housewares Retail Company Limited announced its annual results for the year ending April 30, 2025, reporting a 5.6% decrease in revenue to HK$2.54 billion and a 51.4% drop in profit attributable to owners to HK$47.73 million, excluding government grants. The decline is attributed to weaker consumer sentiment and competition from mainland e-commerce platforms. Despite these challenges, the company maintains a strong financial position with cash and cash equivalents of HK$284.56 million and a stable current ratio. The board has recommended a final dividend of HK1.5 cents per share, bringing the total dividend for the year to HK5.5 cents per share.
More about International Housewares Retail Co
Established in 1991, International Housewares Retail Company Limited operates in the retail industry, offering a wide range of housewares, trend-based items, health and wellness care, personal care, food, and household FMCG. The company manages around 367 stores across Hong Kong, Singapore, Macau, East Malaysia, Cambodia, and Australia under various brands, and also sells products online. The company aims to provide a one-stop omnichannel shopping experience by evolving towards a daily convenience store model.
Average Trading Volume: 1,160,753
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$651M
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