"Performance" MAN WAH HLDGS half-year net profit of 1.146 billion yuan increased by 0.6%, interim dividend of 15 cents

MAN WAH HLDGS (01999.HK) announced its interim results for the period ending September this year, with total revenue of HKD 8.241 billion, a year-on-year decrease of 2.7%. Net profit was HKD 1.146 billion, a year-on-year increase of 0.6%; earnings per share were HKD 0.2954. The interim dividend was HKD 0.15, unchanged from the previous year.

The company stated that the global economic environment still faces challenges such as growth pressures, geopolitical risks, and rising trade protectionism, which put pressure on various industries. However, the group achieved stable performance in both domestic and export markets thanks to its flexible business strategy and sound financial management. During the period, revenue from the Chinese market decreased by 6% year-on-year to approximately HKD 4.675 billion, showing improvement compared to the previous quarter; revenue from the North American market was approximately HKD 2.16 billion, a slight increase of 0.3% year-on-year; revenue from Europe and other overseas markets was approximately HKD 765 million, a year-on-year growth of about 4.3%