HK-listed sportswear firm 361 Degrees Int'l at 7-week high on higher dividend

361 Degrees International

20/08/2019 06:33

** Shares of 361 Degrees International Ltd  1361.HK  surge
as much as 25.6% to HK$1.57, their highest since July 5, after
the China homegrown sport brand posts strong growth in H1
results and declares higher dividend 
    ** Stock ranks the 3rd biggest percentage gainers in early
afternoon trade 
    ** Fujian-based company posts 9.7% rise in first half net
profit to 367.4 million yuan ($52 million) with revenue rising
7.3% to 3.23 billion yuan  urn:newsml:reuters.com:*:nL5N25G0FG
    ** Co declares an interim dividend of HK$0.082 per share and
a special dividend of HK$0.011 each to shareholders, up from an
interim dividend of HK$0.076 each the same period a year ago    
    ** As of Monday's close, the stock has fallen 23.3% this
year
    ** 361 Degrees has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 3.0 percentage points in the
past one month
    ** The Hong Kong Hang Seng sub-index tracking consumer goods
companies  .HSCICG  rises 1.7% on Tuesday
    ** The Hang Seng China enterprises index  .HSCE  gains 0.6%,
and the benchmark index  .HSI  edges up 0.1%
    


($1 = 7.0676 Chinese yuan renminbi)

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))