HK's DL Holdings at over 4-year high as co expects to swing to profit

DL Holdings

20/05/2021 07:05

** Shares of apparel products distributor and financial
services provider DL Holdings Group Ltd  1709.HK  rise as much
as 14% to HK$4.30, their highest since March 2017, on course for
a third consecutive session of gains
    ** Stock on track for best day since May 12 
    ** Co expects to record a net profit before income tax of
not less than HK$200 mln ($25.8 mln) for the fiscal year ended
March 31, from a net loss before income tax of HK$51.9 mln a
year ago  urn:newsml:reuters.com:*:nFWN2N610J
    ** Says the turnaround from net loss was mainly due to
expansion of its existing business into the provision of
financial services and investment business 
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  edges up 0.2, and the Hang Seng Finance Index  .HSNF 
falls 1.4%
    ** The benchmark Hang Seng index  .HSI  slips 0.7%
    ** As of last close, stock up 45% this year
    ($1 = 7.7644 Hong Kong dollars)

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