Lam Soon (Hong Kong) Annual Profit Falls 3% As Revenue Rises 5%

Lam Soon (Hong Kong), part of Malaysia's Hong Leong Group and known in Hong Kong for Knife peanut oil and Axion dishwashing liquid, reported full-year results to end-June. Revenue rose 5% year on year to HK$5.063 billion, driven by growth in its food and home care businesses, according to Ming Pao. Net profit attributable to shareholders fell 3% to HK$293 million, as higher selling and distribution expenses and lower other income weighed on earnings. The company declared a final dividend of HK$0.35 per share, up 6% from a year earlier.