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1361 — 361 Degrees International News Story

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China's 361 Degrees hits over 10-week high on upbeat H1 earnings

BUZZ-China's 361 Degrees hits over 10-week high on upbeat H1 earnings

** Shares of 361 Degrees International 1361.HK climb 6.2% to HK$4.955, their highest level since June 5

** Stock on track for the biggest one-day pct rise since March 24, if gains hold

** Chinese sporting goods maker and distributor said its H1 profit attributable rose 8% Y/Y, revenue was up 8%

** Gross profit margin improved to 41.8% in first-half from 41.5% a year ago

** YTD, stock down 20.7%, benchmark Hang Seng Index .HSI down 0.6%


($1 = 6.7433 Chinese yuan renminbi)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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