HK's retail chain Best Mart 360 hits 9-mth high on strong H1 earnings

Best Mart 360 Holdings

27/11/2020 02:19

** Shares of leisure food chain retail stores Best Mart 360
Holdings Ltd  2360.HK  rise 11.9% to HK$2.25, their highest
since Feb. 28
    ** Stock last up 11%, set for best day since Nov. 14, 2019;
third biggest percentage gainer among all listed companies on
the Hong Kong bourse 
    ** Company says its six months net profit ended in September
jumped 165.2% from a year ago period mainly due to subsidies
from Hong Kong and Macau governments in supporting employment (https://bit.ly/3q6nftl)
    ** Says revenue rose 16.3% as the number of retail stores in
Hong Kong and Macau increased and it expects the retail business
environment in Hong Kong will remain challenging. It declares an
interim dividend of HK$0.02 each, up from HK$0.015 last year 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slides 0.5%, and the benchmark index  .HSI  eases 0.3%

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