POYA International unveiled its financial results, showing a robust consolidated revenue of 99.61 billion yuan for the last year, marking a 9.77% increase. However, the net profit slightly retreated by 12.45% to 1.61 billion yuan, translating to an earnings per share of 7.22 yuan. The board has green-lighted a generous cash dividend of 5.8 yuan per share, indicating a solid cash yield of 3.05% based on the current share price.
The convenience store giant attributed its revenue uplift to its aggressive store expansion strategy, which saw its store count hit 4,234, coupled with its knack for innovative product offerings. The company has seen a significant boost from its diverse range of services, including its pan-fresh food selection, FamiCollection private brand, and cutting-edge membership digital services, all contributing to unprecedented growth in existing store performance.
Subsidiaries like Taiwan Logistics, Forbi Bakery, Jinxin Food, and Quanmei International Catering have also shown commendable performance, supporting the consolidated revenue uptick. However, the net profit faced a downturn, primarily due to the high base effect from the previous year’s gain on the disposal of Taichung Wuri land, valued at NT$368 million, which skewed the year-on-year comparison.
POYA International’s strategic focus on store expansion, coupled with its innovative product differentiation and service enhancements, continues to reinforce its market position and revenue growth, even as it navigates the challenges of fluctuating profit margins.
