{"id":14458,"date":"2025-11-25T20:27:37","date_gmt":"2025-11-25T12:27:37","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=14458"},"modified":"2025-11-25T20:27:37","modified_gmt":"2025-11-25T12:27:37","slug":"hong-kong-beverage-giant-vitasoys-revenue-dips-6-as-mainland-china-demand-slows","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=14458","title":{"rendered":"Hong Kong beverage giant Vitasoy\u2019s revenue dips 6% as mainland China demand slows"},"content":{"rendered":"


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The maker of tea drinks and soy milk posted interim revenue of HK$3.23 billion (US$415 million) and a net profit of HK$172 million, a 1 per cent year-on-year increase. The figures contrasted with the company\u2019s performance for the full financial year ended March, when revenue rose 1 per cent and net profit surged 102 per cent.<\/p>\n

\u201cIt is difficult to say,\u201d said CEO Roberto Guidetti<\/span>, when asked about expectations for demand on the mainland market.<\/div>\n

Vitasoy has been offering 10 to 15 per cent discounts for its tea products since November 2024 and has increased promotional expenses for its soy milk products.<\/p>\n

Guidetti said he expected long-term opportunities in mainland China, noting that its per capita beverage consumption was lower than some developed markets.<\/p>\n

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\"Presenting<\/div>
Presenting Vitasoy\u2019s interim results are, from left, deputy chairman May Lo, executive chairman Winston Lo, group CEO Roberto Guidetti and chief financial officer Ian Ng. Photo: Handout<\/figcaption><\/figure>\n<\/div>\n<\/div>\n
For the April-to-September period, mainland revenue fell 9 per cent year on year due to slower sales in general trade channels. Sales in Hong Kong and Macau declined 4 per cent from a year earlier, which Vitasoy primarily attributed to the sluggish economic recovery in Macau<\/span>.<\/div>\n<\/div>\n


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The maker of tea drinks and soy milk posted interim revenue of HK$3.23 billion (US$415 million) and a net profit of HK$172 million, a 1…<\/p>\n","protected":false},"author":1,"featured_media":1864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[33],"tags":[10775,832,5508,6362,2901,3569,5231,10300,10170,10777,10776],"class_list":["post-14458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bored-interesting","tag-beverage","tag-china","tag-demand","tag-dips","tag-giant","tag-hong","tag-kong","tag-mainland","tag-revenue","tag-slows","tag-vitasoys","wpcat-33-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/14458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14458"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/14458\/revisions"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}