TAI HING GROUP (06811) announces profit growth, with the mid-term shareholders' net profit estimated to increase by about 40 to 45 million Hong Kong dollars compared to the previous year.

TAI HING GROUP (06811) announces that the group is expected to achieve a profit attributable to shareholders of approximately HK$40-45 million for the six months ending on June 30, 2025, compared to HK$10.719 million for the six months ending on June 30, 2024. The announcement stated that the expected increase in profit during the review period is mainly due to: 1. During the review period, the group continued to optimize its restaurant network by opening new stores and renovating existing ones to enhance the dining experience for customers. The group added a new brand, opened 6 new stores, and renovated 7 existing stores during the review period. Additionally, the group continued to develop and promote multiple brands to increase revenue. 2. The group has maintained a prudent financial policy and rigorous cost control measures, including careful selection of new store locations, negotiation of favorable terms with landlords and suppliers, and active streamlining of operations and optimization of corporate structure to improve production and operational efficiency. During the review period, the proportion of labor costs and leasing expenses to revenue decreased compared to the same period last year, contributing to the growth in profits.