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Performance | Special Step's Profit Rose 11% Last Year, Dividend of 9.5 Cents
Xtep International (01368) announced that for the full year ending last year, the attributable profit to shareholders was HKD 1.372 billion, a 10.76% increase year-on-year. Basic earnings per share were HKD 0.5135, with a final dividend of HKD 0.095.
During the period, revenue reached HKD 14.151 billion, up 4.23% year-on-year, mainly benefiting from a 1.5% increase in the mass sports segment to HKD 12.5 billion; the professional sports segment revenue surged 30.8% to HKD 1.636 billion. Gross profit margin was 42.8%, down 0.4 percentage points.
As of the end of last year, the group operated 6,357 Xtep adult stores and 1,488 Xtep youth stores in Mainland China and overseas. SKECHERS had 175 stores in Mainland China.
Xtep International stated that thanks to proactive government policies and the continued rise in public health awareness, the fundamentals of the sporting goods industry remain stable. The industry’s overall resilience, combined with the company’s unique operational flexibility, makes Xtep confident in its future development prospects. The company is well-prepared to strategically turn short-term fluctuations into growth opportunities, continuously creating value for stakeholders.