Recorded a net profit of approximately HK$21.1 millionProposed a final dividend of HK$0.3 cents per shareHighlights:

• A turnaround from net loss of approximately HK$49.2 million to net profit of approximately HK$21.1 million
• Gross profit margin increased by 4.7 percentage points to 70.1%
• As at 31 March 2023, the Group operates a total of 102 restaurants in Hong Kong, increased 11 restaurants YoY, of which "Concept Line" increased 13 restaurants compared with the corresponding period last year
• Continued to adopt a branding strategy of full-time catering by increasing the number of brands and categories under "Concept Line", which is one of the growth momentums of the Group, to provide customers with diversified choices
• Basic earning per share was HK$1.63 cents, compared with Basic loss per share of HK$3.78 cents in the corresponding period last year. The Board recommended the payment of final dividend of HK$0.3 cents per share.

Financial Highlights

For the year ended 31 Mar
HK$'000	2023	2022	Change
Revenue	1,641,488	1,486,473	+10.4%
Profit / (loss) attributable to owners of the Group	21,129	(49,169)	-
Gross profit margin	70.1%	65.4%	+4.7 p.p.
Basic earning /(loss) per share (HK cents)	1.63	(3.78)	-
Final dividend per share (HK cents)	0.3	Nil	-

HONG KONG SAR - Media OutReach - 28 June 2023 - The board of directors of Fulum Group Holdings Limited (HKEx stock code: 1443, the "Group" or "Fulum") announced its annual results for the year ended 31 March 2023 ("Financial Year under Review"). During the Financial Year under Review, the Group recorded net profit of approximately HK$21.1 million, compared with a net loss of approximately HK$49.2 million in the corresponding period last year. During the Financial Year under Review, the Group recorded revenue of approximately HK$1,641.5 million, representing an increase of 10.4% as compared with approximately HK$1,486.5 million for the year ended 31 March 2022. During the year, gross profit margin increased by 4.7 percentage points to 70.1%; basic earning per share was HK$1.63 cents. The Board recommended the payment of final dividend of HK$0.3 cents per share. Business Review During the Financial Year under Review, the Hong Kong government gradually withdrew pandemic control policies. The limit for number of customer at each table in restaurants has been removed, together with the limit for the number of people in social gatherings and the limit for the distance between each table. After the full resumption of normal travel, the number of overseas and Mainland Chinese visitors to Hong Kong have been gradually increasing, resulting in a significant improvement in the Group's revenue. In light of the revival of the catering industry and the changing consumption and catering patterns in the post-pandemic era, the Group maintained the branding strategy of full-time catering and increased the number of brands and categories under its "Concept Line (概念線)", as well as extending its business to a full day operation with diverse options, so that customers can cater in the Group's restaurants at any time. During the Financial Year under Review, the Group has been expanding its catering brands in residential areas at a moderate and prudent pace in order to meet the diverse local catering needs and enhance customers' dining experience at different hours of the day. As at 31 March 2023, the Group operated a total of 102 restaurants in Hong Kong, including 15 restaurants under the "Fulum (富臨)" main brand, 7 restaurants under the "Sportful Garden (陶源)" main brand, 80 restaurants under the "Concept Line (概念線)" main line as well as 8 supermarkets, and 3 restaurants in the Mainland China. During the Financial Year under Review, the Group offered customers with a traditional Chinese dining experience under the "Fulum (富臨)" main brand and "Sportful Garden (陶源)" main brand. The "Fulum (富臨)" main brand offers a wide variety of Cantonese delicacies to mass market customers. Restaurants under the "Sportful Garden (陶源)" main brand focus on mid-to-high-end Cantonese cuisine and attract customers who put a high value on quality with luxurious decorations. In the post-pandemic era, there is a change in people's dining habits, as more people choose to cook at home or purchase takeaway. The Group has adjusted its business strategy in a timely manner and actively developed an online shopping platform under Fulum (富臨) to cater to the tastes...