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<Results>CHOW TAI FOOK Annual NP Up 52.2% YoY to HKD9B; Final DPS Adds to HKD45 Cents
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CHOW TAI FOOK (01929.HK) announced its annual results for the year ended March 2026. Revenue rose 5.3% YoY to HKD94.398 billion. Net profit added 52.2% YoY to HKD9.004 billion, with EPS of HKD91 cents. A final dividend of HKD45 cents was declared. Together with an interim dividend of HKD22 cents, full-year dividend amounted to HKD67 cents, compared with HKD52 cents in the same period last year. The full-year payout ratio was approximately 73.4%. Chairman Henry Cheng said the company set targets for FY2030. For financial performance, the company aims to achieving above-market revenue growth, and sustaining a high return on equity of above 25%. For store network evolution, the company targets to complete the full renovation and elevation of its POS portfolio by FY2030. In parallel, the company plans to expand its network of newly designed luxury-format stores in the Mainland from the current 8 stores to 50 by FY2030. As to international expansion, the company aims to doubling the RSV of its international operations compared to FY2026, and to have an international footprint of over 100 stores. AASTOCKS Financial News |
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