China's ANTA Sports falls on drop in FY profit margin

Anta Sports Products

19/03/2025 06:04

** ANTA Sports Products 2020.HK slides as much as 7.4% to HK$94.35; set for biggest one-day pct decline since October 14, 2024

** Chinese home-grown sportswear group's overall operating profit margin falls to 23.4% in 2024 from year-ago 24.6% on increased investment in branding, channels and product R&D

** Operating profit misses market expectations

** However, co's 2024 rev up 13.6% y/y, profit attributable up 7.1% y/y

** Stock up 26.2% YTD

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))