Medical device maker Weigao at 3-year high on profit, higher div

Shandong Weigao Medical Polymer

30/08/2018 07:54

** Shares of Shandong Weigao Group Medical Polymer Co Ltd
 1066.HK  surge as much as 21.4 pct to HK$7.88, the highest
since April 9, 2015, after the medical device producer posts
solid H1 results and pays higher interim dividend
    ** The stock later trims gains to HK$7.36, still up 13.4 pct
and heading for the best day since Nov. 14, 2013 
    ** Co says H1 revenue jumps 39 pct and net profit, excluding
extraordinary items, rises 17 pct. It declares H1 dividend of
0.049 yuan per share, up from 0.043 yuan last year  urn:newsml:reuters.com:*:nFWN1VK0B4
    ** Co says it will actively plan to expand its overseas
market, develop local sales channels and explore localised
production
    * As of the previous close, the stock has risen 14.06
percent so far this year 
    ** As of 0628 GMT, about 46.43 million shares of the
Shandong-based company have been traded, compared with their
30-day moving average of 10.48 million shares a day


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