HK Stock Market Move | CAFE DE CORAL H (00341) rose by over 16%, with a 20% increase in final dividend compared to the previous year. The company plans to repurchase up to 50 million Hong Kong dollars worth of shares.

CAFE DE CORAL H (00341) rose more than 16% in the afternoon, reaching 16.16% as of press time, at 4.6 Hong Kong dollars, with a turnover of 1168.59 million Hong Kong dollars. On the news front, CAFE DE CORAL H announced its annual results for the year ending March 31, 2026, with revenue of approximately 8.183 billion Hong Kong dollars, a decrease of 4.5% year-on-year; attributable net profit to shareholders of 164 million Hong Kong dollars, a decrease of 29.5% year-on-year; earnings per share of 0.29 Hong Kong dollars, and a proposed final dividend of 30 Hong Kong cents per share, an increase of 20% year-on-year. Together with the interim dividend of 10 Hong Kong cents, the total annual dividend is 40 Hong Kong cents, the same as last year, with a full-year dividend payout ratio of 141.4%. In addition, CAFE DE CORAL H announced that the company will implement a share buyback plan depending on market conditions, to repurchase company shares in the open market with a maximum total amount of fifty million Hong Kong dollars. The Board of Directors believes that the current trading price of the company's shares does not fully reflect its intrinsic value and business prospects, and the share buyback plan reflects the Board's confidence in the long-term business and growth prospects of the group.