BUZZ-Xtep jumps most in 11 months on higher first-half profit, dividend
Reuters
Aug 18
BUZZ-Xtep jumps most in 11 months on higher first-half profit, dividend
** Shares of Xtep International 1368.HK jump 9.6% to HK$6.28, set for the biggest one-day pct gain since Sept. 26, 2024
** Stock hit its highest since May 29 and is on course for a third consecutive session of gains
** The Chinese sportswear group said its H1 revenue increased 7.1% y/y, operating profit up 9.1% y/y and profit attributable to ordinary equity holders up 21.5% y/y
** Co declares an interim dividend of HK$0.18 per share vs HK$0.156 per share a year ago
** Hang Seng Consumption Index .HSCGSI climbs 0.8%, the benchmark Hang Seng Index .HSI adds 0.5%
** YTD, stock up 10.3%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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