China's tissue maker Hengan hits 9-week peak as profit grows

Hengan International

21/03/2024 05:25

** Shares of Chinese tissue and diaper products maker Hengan
International Group Co Ltd  1044.HK  rise 5.8% to HK$27.25,
their highest since Jan 17
    ** Stock on course for the biggest one-day pct gain since
March 12
    ** Co says its 2023 net profit up 45.5% YoY to 2.8 bln yuan 
($389 mln) with revenue up 5.1% to 23.8 bln yuan and final
dividend stays at 0.70 yuan per share
    ** Hang Seng Composite Index on industrials  .HSCIIG  slips
0.7% while Hang Seng Commerce & Industry Index  .HSNC  adds
1.7%, and Hang Seng Index  .HSI  rises 1.8%
    ** Stock down 10% YTD  


($1 = 7.1986 Chinese yuan renminbi)

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