ANTA Sports rises most in 22 months on higher H1 profit, dividend
BUZZ-ANTA Sports rises most in 22 months on higher H1 profit, dividend ** Shares of ANTA Sports Products 202O.HK rise 7% to HK$76.95, set for the biggest one-day pct gain since October 2024
** Stock hit the highest point since August 4, snapping three straight sessions of decline
** Second biggest pct gainer in benchmark Hang Seng Index .HSI, which gains 0.7%
** China home-grown sports wear maker said its H1 revenue increased 12.9% y/y to 43.51 billion yuan ($6.47 billion), profit attributable jumped 34.9% y/y to 9.48 billion yuan, and net profit margin rose to 25.1% from 21% a year ago
** Company declares an interim dividend of 151 HK cents per share, up 10.2% from 137 HK cents interim dividend a year ago
** YTD, stock down 4.8%, while Hang Seng Index .HSI up 0.2%
($1 = 6.7212 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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ANTA Sports rises most in 22 months on higher H1 profit, dividend