Infant formula producer Health and Happiness hits 10-week low as profit slides

Health and Happiness (H&H) International Holdings

20/03/2019 02:33

** Shares of infant formula producer and pediatric nutrition
products maker Health and Happiness (H&H) International Holdings
Ltd  1112.HK  fall as much as 18.2 pct to HK$40, lowest since
Jan 7, 2019
    ** Co posts 9.6 pct fall in net profit attributable to
owners of the parent at 843.15 mln yuan ($125.56 mln), lowest in
three years  urn:newsml:reuters.com:*:nFWN216087
    ** Adjusted net profit, after EBITDA items, non-recurring
and non-cash losses, rises 9.5 pct to 1.32 bln yuan 
    ** Co has appointed chief strategy officer Laetitia Garnier
as CEO, replacing Luo Fei, who remains with co as chairman and
an executive director, with immediate effect  urn:newsml:reuters.com:*:nFWN216088
    ** As of last close, stock had risen 9.4 pct this year
    ** Health and Happiness has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 2.4 percentage
points in the past month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 0.6 pct, and the Hang Seng China enterprises index  .HSCE 
slides 0.7 pct
($1 = 6.7151 Chinese yuan)

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