HK-listed sofa maker Man Wah hits 8-week high on strong H1

Man Wah Holdings

12/11/2021 07:32

** Shares of sofa maker Man Wah Holdings Ltd  1999.HK  jump
5.1% to HK$12.88, their highest since Sept. 17, and on track for
a second session of gains
    ** Co says its revenue for six months ended September
amounted to HK$10.36 bln ($1.33 bln), up 50.8% from HK$6.87 bln
in a year ago period, with net profit up 31.9% (https://bit.ly/3wDcOkX)
    ** Man Wah, with market value HK$50.2 bln, declares an
interim dividend of HK$0.13 per share to shareholders, up from
HK$0.10 each a year ago
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.7%, and Hang Seng consumer goods and services index  .HSCGSI 
rises 1.4%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs
0.8%and the benchmark index  .HSI  is up 0.4%
    ** Stock down 27.1% this year as of last close


($1 = 7.7923 Hong Kong dollars)

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