Hong Kong: Health and Happiness reports profit dip
Net profit of ¥ 475.1 million ($68.8 million) for the first six months of 2022 is down 5.2% on last year.
Global nutrition and wellness provider, Health and Happiness, which owns eight consumer brands, has reported net profit of ¥ 475.1 million ($68.8 million) for the first six months of 2022, down 5.2% from ¥ 501.4 million reported for the first six months of 2021.
Revenue for the half year for the Hong Kong-based company was ¥ 5.96 billion, up ¥ 9.8% from 5.42 billion reported for the first six months of last year,
H&H Group’s chief executive Laetitia Albertini, said: “These interim results have placed the Group on a strong trajectory for the remainder of 2022. Across our three business segments, we have built momentum that is paving the way to accelerated profitable growth despite encountering various challenges and impacts. This speaks volumes to the resiliency of H&H’s brands, our product quality, and our consumer-led approach to innovation and marketing within our product portfolios.”