Crosby Research – Chen Hsong (57 HK): Rolling out new products to stay competitive amid challenging market

27 Jun 2024

• FY24 (Year ended Mar) turnover and NP was down by 13.1% and 22.6% YoY. GPM remained stable at 23.7%. Final DPS of HK$5.0cents was recommended. Together with the interim DPS of HK$3.0cents, total DPS amounted to HK$8.0cents, translating to a yearly dividend payout of 50%.