Highlights: Ÿ

• A turnaround from net loss of approximately HK$2.3 million to net profit of approximately HK$8.7 million
• Gross profit increased by 2.4% to approximately HK$531.9 million
• Gross profit margin increased by 3.6 percentage points to 69.6%
• As at 30 September 2022, the Group operates a total of 96 restaurants in Hong Kong, increased 13 restaurants YoY, of which “Asian Catering Line” increased 16 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 “Asian Catering Line”, which is one of the growth momentums of the Group
• Basic earning per share was HK 0.67 cents, compared with Basic loss per share of HK 0.17 cents in the corresponding period last year

Financial Highlights

For the six months ended 30 Sep
HK$’000	2022	2021	Change
Revenue	764,560	787,123	-2.9%
Profit attributable to owners of the Group	8,668	(2,258)	-
Gross profit	531,928	519,461	+2.4%
Gross profit margin	69.6%	66.0%	+3.6 p.p.
Basic earning /(loss) per share (HK cents)	0.67	(0.17)	-

HONG KONG SAR - Media OutReach - 29 November 2022 - The board of directors of Fulum Group Holdings Limited (HKEx stock code: 1443, the “Group” or “Fulum”) announced its interim results and its financial position. For the six months ended 30 September 2022 (the “Reporting Period”), the Group recorded net profit of approximately HK$8.7 million, compared with a net loss of approximately HK$2.3 million in the corresponding period last year. During the Reporting Period, the Group recorded revenue of approximately HK$764.6 million; gross profit of approximately HK$531.9 million, representing a 2.4% YoY growth; gross profit margin increased by 3.6 percentage points to 69.6%; basic earning per share was HK 0.67 cents. Business Review During the Reporting Period, the HKSAR Government gradually relaxed its pandemic prevention and control measures including the extension of dine-in service hour, relaxation of the number of people per table for restaurant and banquets. In the face of changing consumption and catering patterns, as well as structural changes in the catering market, the Group continued to adopt a branding strategy of full-time catering to meet the challenges by increasing the number of brands and categories under its“Asian Catering Line” to diversify its catering business, with an aim to meet consumer’s around-the-clock catering needs enabling customers to enjoy delicacies at various types of the Group’s restaurants at any time. The Group has been expanding its catering brands in residential areas at a moderate and prudent pace. As at 30 September 2022, the Group operated a total of 96 restaurants in Hong Kong, including 16 restaurants under the “Fulum” main brand, 7 restaurants under the “Sportful Garden” main brand, 73 restaurants under the “Asian Catering Line” main line as well as 7 supermarkets, and 3 restaurants in the Mainland China. During the Reporting Period, the Group offered customers with a traditional Chinese dining experience under the “Fulum ” main brand and “Sportful Garden ” main brand. The “Fulum” main brand offers a wide variety of Cantonese delicacies to mass market customers. Restaurants under the “Sportful Garden” main brand focus on mid-to-high-end Cantonese cuisine and attract customers who put a high value on quality with luxurious decorations. During the pandemic, people tend to cook at home or purchase takeaway more often instead of dining out. The Group has adjusted its business strategy in a timely manner and actively launched a variety of takeaway and anti-epidemic set meal offers, and continued to develop an online shopping platform under Fulum to cater to the tastes and needs of the market by regularly launching selected set meals for self-pickup delivery, BBQ assortment and dishes for self-pickup delivery to attract customers both online and offline so that people can still enjoy quality dishes during the outbreak. The Group continues to introduce multi-cuisine to the “Asian Catering Line” main line, in order to satisfy different customer preferences and enhance the dining experience. With the change in the structure of local catering, the Group’s pursuit of diversified scenes and new product structure has led to the introduction of multi-cuisine. With the motto...