WINE'S LINK (08509) announces interim results, with a net profit attributable to owners of the company of HK$11.06 million, a year-on-year increase of 1.94 times.

WINE'S LINK (08509) announced its interim results for the six months ending September 30, 2024, with a revenue of approximately HK$158 million, representing a year-on-year increase of about 86.4%; the company's attributable profit reached HK$11.006 million, an increase of 1.94 times compared to the previous year; earnings per share stood at 2.75 Hong Kong cents. The announcement attributed the increase in revenue to improved demand for wine products. The growth in profit was mainly due to the rise in group income; cost reduction measures implemented during the period helped to reduce administrative expenses; and the increase in group's income tax expenses was offset by the comprehensive impact.