Financial News
Written by: Lin Leqian
2020-08-13 19:33
Last update date: 2020-08-13 19:33Leah Retail (0831), which operates OK convenience stores and Santa Ana Bakery, announced its interim results. Affected by the new crown pneumonia epidemic, net profit fell 0.5% to 82.05 million yuan, earnings per share was 10.8 sen, and interim dividend was 6 sen, the same as last year .
During the period, turnover increased by 5.7% to 2.859 billion yuan, and gross profit fell by 2.3% to 35.1%, mainly due to the increase in sales of lower-profit products, but government subsidies offset part of the impact.
In terms of segment performance, the same-store sales of OK convenience stores increased by 8.3%, and the total sales rose 8% to 2.359 billion yuan; the total passenger flow of Santa Ana Bakery experienced a double-digit decline, and the same-store sales recorded a low-single-digit year-on-year decline; The passenger flow and transaction volume of the eyewear brand Zoff has declined, but the business expansion has brought growth in its turnover.
As of the end of June this year, there were 340 OK convenience stores in Hong Kong, an increase of 1 year-on-year; Saint Honore's Bakery had 98 stores in Hong Kong and Macau, a decrease of one, and Zoff had 11 stores.
The group stated that it is aware that the store’s customer flow and consumer behavior will not return to "normal" status for a long time, so it will use an efficient "online to offline" customer relationship management plan, as well as our online shopping and delivery The partners promote online interaction, sales and consumption amount. In addition, the Group will improve its efficiency by relocating to a new modern logistics center in Tsing Yi in the fourth quarter.
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Leah Retail