International Home Furnishing Retail (01373) announced interim results. Profit attributable to shareholders was HK$27.487 million, a decrease of 16.6% year-on-year

According to the Zhitong Finance App, International Home Furnishing Retail (01373) announced interim results for the six months ended October 31, 2025. The company obtained revenue of HK$1,197 billion, a decrease of 5.8% year on year; profit attributable to the company's equity holders was HK$27.487 million, a decrease of 16.6% year on year; basic profit per share of HK3.84 cents; and an interim dividend of HK3 cents per share.

The announcement said that the decline in revenue reflects the many challenges facing the retail industry in Hong Kong, China. E-commerce in mainland China has taken advantage of its scale and cost advantages to further seize the local market share; offline peers are also competing for promotions, and competition is becoming increasingly heated. At the same time, consumer behavior continues to change, and the trend of “northern consumption” and “overseas consumption” is diverting some local customers; the “consumption downgrade” phenomenon shown in the local market also reflects the trend of customers to pursue rational and meticulous consumption due to economic pressure. Furthermore, high operating costs are putting a severe test to the industry.