BRIEF: Green Tea’s profit jumps on improved efficiency, expansion
Restaurant operator Green Tea Group Ltd. (6831.HK) on Thursday said it expects to report a net profit of between 230 million yuan ($32 million) and 237 million yuan for the first half of 2025, up 32% to 36% year-over-year.
It attributed the profit jump primarily to an increase in revenue by 391 million yuan to 465 million yuan from the 1.86 billion yuan it reported in the year-ago period, as it continued to open new stores. It also credited improved store-level profitability as a result of better operational efficiency, though that was partly offset by listing expenses of approximately 15 million yuan to 20 million yuan from the company’s IPO earlier this year.
Excluding one-time listing fees and non-cash, equity-settled share-based compensation, the company’s adjusted net profit was between 247 million yuan and 254 million yuan, up 38% to 42% year-on-year.
Shares of Green Tea opened up 8.8% at HK$8 on Friday. The stock is up 11% since its listing this year.
By Lau Chi Hang
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