, Hong Kong
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TSIT Wing International’s profit grows 21% in FY2024

The company’s proposed final dividend stood at  $0.0216.

TSIT Wing International’s profit grew by 21.4% year-on-year to $59.1m in the financial year 2024 due to a decrease in the cost of sales.

The group’s cost of sales declined by 2.7% YoY to $475.2m, attributable to a decrease in overall procurement costs of various raw materials during the year.

However, revenue for the year amounted to $721.1m, representing a YoY decrease of 1.1%, linked largely to the decrease in revenue from the group’s tea and instant products in Mainland China.

The company’s proposed final dividend stood at  $0.0216.
 

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