MINISO Group rises on higher Q4 revenue, profit

MINISO Holding

22/08/2023 12:39

** U.S.-listed shares of MINISO Group Holding  9896.HK  up
6.8% at $21.75 premarket
    ** China-based holding company posts higher Q4 revenue and
profit
    ** Company posts Q4 revenue of 3.25 billion Chinese yuan
renminbi ($445.57 million), vs 2.32 billion Chinese yuan
renminbi a year earlier
    ** Adj. net profit more than doubles in the quarter to 571.2
million Chinese yuan renminbi from a year earlier
    ** As of last close, shares up ~90 YTD


($1 = 7.2940 Chinese yuan renminbi)

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))