International Housewares Retail Reports Revenue Decline

International Housewares Retail Co (HK:1373) has released an update.

International Housewares Retail Co reported a 3.9% drop in revenue to HK$1.27 billion and a 35.1% fall in profit to HK$32.96 million for the six months ending October 2024, attributing the decline to a challenging retail market in Hong Kong. Despite these setbacks, the company maintained a strong liquidity position and slightly improved its gross profit margin, aided by strategic product expansion and favorable procurement costs. The board announced an interim dividend of 4.0 HK cents per share, indicating confidence in the company’s future performance.

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