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An announcement from Lam Soon (Hong Kong) Limited ( (HK:0411) ) is now available.
Lam Soon (Hong Kong) Limited announced its interim results for the six months ending December 2024, reporting a 46% increase in profit to HK$188 million despite a marginal 1% revenue growth. The company attributes its profitability to favorable commodity pricing trends, efficient production cost management, and a focus on premium product segments. The food segment faced a challenging market but managed to increase operating profit by 54% through strategic procurement and cost-saving measures. The company declared an interim dividend of HK$0.15 per share, reflecting its strong financial position and commitment to shareholder returns.
More about Lam Soon (Hong Kong) Limited
Lam Soon (Hong Kong) Limited operates in the food and home care industry, focusing on enhancing its product portfolio through research and development initiatives. The company aims to strengthen its presence in core markets while exploring new opportunities and solidifying its position in the premium market segment.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €208.9M
Learn more about 0411 stock on TipRanks’ Stock Analysis page.