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DREAM INT'L: Interim Report 2024
Dream International Posts Lower H1 Profit as Revenue Slips
HK stocks fluctuate | Dream Int'l (01126) falls more than 5%, net profit for the first half of the year decreases by 16.47% year-on-year, and interim dividend remains at 20 Hong Kong cents.
Dream Int'l (01126) fell more than 5%, as of the time of writing, it fell 5.15%, at a price of HKD 4.05, with a turnover of HKD 3.706 million.
DREAM INT'L To Go Ex-Dividend On September 26th, 2024 With 0.2 HKD Dividend Per Share
August 27th (Beijing Time) - $DREAM INT'L(01126.HK)$ is trading ex-dividend on September 26th, 2024.Shareholders of record on September 27th, 2024 will receive 0.2 HKD dividend per share on October 14
dream int'l (01126.HK) recorded a half-year net profit of 0.279 billion yuan, a 16.5% decrease, with a dividend of 20 cents.
Dream Int'l (01126.HK) announced its interim performance for the six months ending in June, with revenue of 2.294 billion yuan, a decrease of 7.8% year-on-year. It recorded a net profit of 0.279 billion yuan, a retreat of 16.5%, with earnings per share of 41.2 cents. The interim dividend is maintained at 20 cents.
Dream Int'l (01126.HK) had a net profit attributable to shareholders of 0.279 billion Hong Kong dollars in the interim period.
On August 26th, Dream Int'l (01126.HK) announced that for the six months ending June 30, 2024, the group recorded revenue of HKD 2,294,000,000 (compared to HKD 2,489,100,000 in the same period last year) and a gross margin of HKD 550,300,000 (compared to HKD 576,600,000 in the same period last year) due to conservative consumer sentiment in markets such as the USA and destocking cycles of certain products such as waterproof covers. However, thanks to economies of scale, increased automation level in production lines, and improved skill level of workers, the group's gross margin improved during this period.
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