VITASOY INT'L (00345) announced an expected annual net profit attributable to equity holders of HK$225 million to HK$245 million, an increase of approximately 94% to 111% year-on-year.

VITASOY INT'L (00345) announced that the group expects to achieve a profit attributable to equity holders of HK$225 million to HK$245 million for the year ending March 31, 2025, representing an increase of approximately 94% to 111% compared to the previous year. The announcement stated that the main reasons for the increase in profit are significantly higher operating profits from Mainland China and Hong Kong operations, as well as reduced operating losses from the Australia business. However, some of the increase was offset by higher tax expenses in the current financial year, specifically: - Mainland China operations: Revenue is gradually increasing through stronger execution and product innovation, while improving production efficiency, reducing raw material costs, and enhancing procurement and operational efficiency to continue improving profitability. - Hong Kong operations: In a challenging local retail environment, the business continues to achieve revenue growth through its strong brand presence, extensive market coverage, and product innovation. Increased sales volume, higher product prices, improved production efficiency, and lower raw material costs are the main drivers of the growth in operating profit. - Australia business: By increasing revenue and stabilizing production to meet strong local market demand, the business has reduced its operating losses.