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Café de Coral's Annual Profit Falls 30%, Final Dividend Declared; Shares Rise 16%

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Café de Coral (HKG:0341) recorded an attributable profit of HK$164.1 million for the year ended March 31, down 30% from HK$232.7 million a year prior, according to a Monday Hong Kong bourse filing.

Earnings per share fell to HK$0.29 from HK$0.40 in the previous fiscal year.

Revenue slipped 4.5% to HK$8.18 billion from HK$8.57 billion.

The company recommended a final dividend of HK$0.30 per share, payable Sept. 4 to shareholders on record as of Aug. 26, subject to shareholder approval.

Shares of the restaurant operator rose 16% in recent trade.

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