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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.