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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . Vitasoy International Holdings Ltd. 維 他 奶 國際 集團 有限公司 ( Incorporated in Hong Kong with limited liability ) ( Stock code : 345 ) ANNOUNCEMENT OF RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2021 HIGHLIGHTS Revenue in the first six months of FY2021 / 2022 declined by 18 % . While our operations in Hong Kong , Australia / New Zealand and Singapore grew steadily despite persistent COVID - 19 limitations , our Mainland China sales and profits were severely impacted by the sales disruption as explained in our earlier profit warning announcement published on 6th August 2021 . Profit from operations dropped by 95 % , as a result of the fall in Mainland China sales , exacerbated by the reduction of pandemic related subsidies from governments as COVID - 19 was gradually brought under control , and the return to advertising and promotion spending versus the previous year , during which such spending had been reduced due to the pandemic . Key business highlights Mainland China – Performance was severely impacted due to the sales disruption during the peak season . Hong Kong Operation Solid growth via new product offerings whilst dealing with COVID - 19 challenges . Australia and New Zealand - Strong growth on both core and innovation products despite extended lockdowns . Singapore Gradual scale up of the imported beverage business . For the six months ended 30th September 2021 ( “ interim period ” ) , the Group's revenue decreased 18 % to HK $ 3,604 million . The Group's gross profit for the interim period was HK $ 1,727 million , down 28 % , mainly due to lower sales volume . Gross profit margin dropped to 48 % for the interim period , mainly attributable to lower sales volume , higher trade promotional expenses and reduction of government subsidies . EBITDA for the interim period was HK $ 320 million , representing a decrease of 72 % . The decrease in EBITDA was mainly driven by lower sales performance , increased operating expenses and significantly lower government subsidies . EBITDA margin to revenue decreased from 26 % to 9 % . Profit before taxation decreased by 96 % to HK $ 34 million . Profit attributable to equity shareholders of the Company was HK $ 33 million , representing a decrease of 95 % compared to the previous interim period . In view of the disappointing results and the priority being given to restoring the performance of our Mainland China business , the Board of the Company has not declared an interim dividend for the interim period ( six months ended 30th September 2020 : HK3.8 cents per ordinary share ) .