US Stock Movement | H World Group Surges Over 5% to Near Two-Month High as Interim Net Profit Grows Over 41% YoY

Deep News
Aug 20

H World Group (HTHT.US) surged over 5%, reaching a high of $35.09 and hitting a near two-month peak. On the news front, H World Group reported first-half revenue of 11.821 billion yuan, representing a 3.5% year-over-year increase, with net profit of 2.438 billion yuan, up 41.3% year-over-year, equivalent to 79 cents per share.

For the second quarter alone, total revenue reached 6.426 billion yuan, up 4.5% year-over-year. Operating profit was 1.8 billion yuan, increasing 13.7% year-over-year, with an operating profit margin of 27.8%, up 2.2 percentage points. This improvement was primarily driven by increased revenue contributions from management, franchise, and licensing business operations. The board of directors approved a dividend of 8.1 US cents per share.

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