"Performance" BAUHAUS INT'L's annual net profit increased more than 8 times to HKD 11.671 million

BAUHAUS INT'L (00483.HK) announced its full-year results for the period ending March this year, with a net profit of HKD 11.671 million, an increase of 8.61 times year-on-year; revenue of HKD 195 million, an increase of 0.8% year-on-year; and earnings per share of HKD 0.032. No dividend was declared.

The group stated that although the total number of physical stores decreased by 2 during the period, the revenue from the offline retail business segment increased by 0.9% to approximately HKD 192 million, with overall same-store sales growing by 6% year-on-year. Meanwhile, the online business segment recorded a loss of approximately HKD 800,000, compared to a loss of HKD 600,000 in the same period last year, with sales declining by approximately 6.3% to HKD 3 million