Tsit Wing International's (HKG:2119) attributable profit rose 21% to HK$59.1 million in 2024 from HK$48.7 million in 2023, according to a Thursday filing with the Hong Kong bourse.

Earnings per share at the coffee and tea manufacturer increased to HK$0.0820 from HK$0.0676 in the previous year.

Revenue declined 1.1% to HK$721.1 million from HK$728.9 million a year earlier.

The company declared a final dividend of HK$0.0216 per share, payable May 22 to shareholders on record as of May 7.

Shares dropped 5% in Friday's morning trade.

Price (HKD): $0.58, Change: $-0.020, Percent Change: -3.33%