Tak Lee Machinery Reports Modest Growth and Dividend Hike

Tak Lee Machinery Holdings Limited (HK:2102) has released an update.

Tak Lee Machinery Holdings Limited reported a modest increase in revenue and gross profit for the year ending July 2024, with revenue rising by 2.7% and gross profit by 7.9%. Despite this, profit attributable to shareholders showed a minimal increase of 0.1%, remaining steady at 7,086 HK$’000. Notably, the company announced a substantial hike in its final dividend, increasing it by 200% to 1.5 HK cents per share, which may attract investors looking for dividend income.

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