Investing.com - Cookies Quartet, a Hong Kong brand by former Miss Hong Kong, Charlene Tse Ning, submitted a listing application on the Hong Kong Exchange and Clearing Limited.
The company’s listing documents showed that as of the end of March this year, its profit reached US$3.143 million, down 16% year-on-year. The revenue of the firm dropped in the past two years, down by 1.2% to US$10.3 million in 2017, while its gross margin stood at 69.5%, down by 0.8%.
Established in 2008, Cookies Quartet is the second largest cookie retailer in Hong Kong in terms of revenue, accounting for 13.6% market share. The company features palmier and butter cookies, comprised of 63.3% and 32% of its revenue last year.
Cookies Quartet plans to appoint dealers to sell cookies in the overseas markets expand retail stores in Hong Kong and sell cookies via third-party online retailing platform in mainland China.
Cookies Quartet is among the eight companies that apply for going public in Hong Kong this month.