Vitasoy International announced full-year results for the fiscal year ending March 31, reporting shareholder profit of HK$274 million, up 16.94% year-on-year. The company proposed a final dividend of 13.5 HK cents per share, bringing total annual dividends to 17.5 HK cents, a 23.24% increase from the prior year. Profit growth was driven by proceeds from the sale of land and buildings held by Vitasoy (Shanghai) and effective cost control during operations, though gains were partially offset by lower gross profit, Australian impairment charges, and higher tax expenses. Revenue declined 3.39% to HK$6.061 billion, primarily due to a weak business environment in mainland China and Hong Kong, particularly in Macau and Vita Point operations.
Vitasoy Reports HK$6.061 Billion Revenue and 26.3 HK Cents EPS
Vitasoy International recorded revenue of HK$6.061 billion for the fiscal year ending March 31, a 3.39% decline from the prior year. The company attributed the revenue drop to challenging operating conditions in mainland China and Hong Kong, with particular weakness in Macau and Vita Point business segments. Basic earnings per share reached 26.3 HK cents. The board proposed a final dividend of 13.5 HK cents per share, which combined with the interim dividend of 4 HK cents brings total annual dividends to 17.5 HK cents per share, representing a 23.24% increase year-on-year.
Asset Sale and Cost Control Drive Profit Growth
Operating profit increased 18.25% to HK$430 million during the period. The company stated that profit growth benefited from gains on the sale of land and buildings held by Vitasoy (Shanghai), referred to as the VSL disposal transaction, as well as effective and reasonable control of operating costs during operations. However, these gains were partially offset by a decline in gross profit, impairment charges related to Australian operations (VAP impairment), and increased tax expenses. Shareholder profit reached HK$274 million, up 16.94% from the prior year.
Vitasoy Outlines 2026/2027 Fiscal Year Priorities
For the 2026/2027 fiscal year, Vitasoy stated it will prioritize leveraging brand value, product portfolio advantages, and the effectiveness of marketing activities, as well as enhanced commercial capabilities, particularly in expanding supply coverage, focusing on channels, and in-store sales execution. The company stated it will strive to achieve growth in traditional retail channels and drive growth in rapidly expanding omnichannel formats, including snack chain stores, through strengthened customization approaches and product differentiation. Despite potentially ongoing uncertainties in the geopolitical and macroeconomic environment, Vitasoy expressed confidence in the group's fundamentals and long-term positioning, committing to achieving sustainable growth that benefits shareholders, employees, business partners, and customers in the communities it serves.
FAQ
What profit did Vitasoy International report for the fiscal year ending March 31?
Vitasoy International reported shareholder profit of HK$274 million for the fiscal year ending March 31, representing a 16.94% increase year-on-year. Basic earnings per share reached 26.3 HK cents.
Why did Vitasoy's revenue decline despite profit growth?
Vitasoy's revenue declined 3.39% to HK$6.061 billion primarily due to a weak business environment in mainland China and Hong Kong, particularly in Macau and Vita Point operations. Profit growth was driven by proceeds from the sale of land and buildings held by Vitasoy (Shanghai) and effective cost control, which offset the revenue decline.
