Brief: Wisdom Sports says HY gross profit of Wisdom Events up about 57.7% to RMB105.5 mln

China Frontier Technology

26/08/2016 11:40

Aug 26 (Reuters) - Wisdom Sports Group  1661.HK : 
 
 * Group expects to operate independently over 15 Marathon events in the second 
half of 2016 
 * Group expects to operate independently over 15 Marathon events in the second 
half of 2016 
 * HY revenue from wisdom events increased by approximately 81.9% to RMB194.5 
million 
 * Says no interim dividend has been paid or declared by the company for the six 
months ended 30 June 2016 
 * Says gross profit of Wisdom events increased by approximately 57.7% to 
RMB105.5 million for the six months ended 30 June 2016 
 * Expected that the group will be able to derive profit from the stadium 
business by the end of the second half of the year" 
 * Group plans to set up about 100 stadiums in the next three years" 
 
   Source text for Eikon  urn:newsml:reuters.com:*:nHKS4hDV 
 
 ((Further company coverage:  1661.HK )) 
 ((Bangalore.newsroom@thomsonreuters.com))