Medicine maker Beijing Tong Ren Tang hits 14-mth high on solid results, dividend

Beijing Tong Ren Tang Chinese Medicine Co

14/03/2023 07:23

** Shares of Chinese medicine manufacturer Beijing Tong Ren
Tang Chinese Medicine Co Ltd  3613.HK  rise as much as 8% to
HK$13.26, their highest since January 2022
    ** Stock set for the biggest daily pct rise since Nov 14,
2022 if gains hold
    ** Company said 2022 net profit increased 6.3% year-on-year
to HK$645.9 mln ($82.35 mln) with revenue rising 10.9% to
HK$1.73 bln and it proposes a final dividend of HK$0.33 per
share, up 17.9% from HK$0.28 each the same period a year ago 
    ** The Hang Seng Consumption Index  .HSCGSI  falls 1.9% and
the healthcare index  .HSCIH  slips 0.3%
    ** The Hang Seng Composite Index  .HSCI  falls 2.3% and Hang
Seng Index  .HSI  is down 2.4%



($1 = 7.8433 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))