Cabbeen Fashion's (HKG:2030) attributable profit rose to 27.4 million yuan in 2024 from 20.8 million yuan in 2023, according to a Friday filing with the Hong Kong Stock Exchange.

Earnings per share at the fashion company increased to 0.0410 yuan from 0.0311 yuan in the preceding year.

Revenue fell by 12.9% to 1.04 billion yuan from 1.19 billion yuan a year earlier, attributable to weak demand, rising costs, and market conditions and competition.

The company declared a final dividend of HK$0.0086 per share, higher than the dividend of HK$0.0070 a year earlier and payable around May 13 to shareholders on record as of April 30.

Shares plunged almost 4% in Friday's close.