China's Topsports International falls as six-month profit drops

Topsports International Holdings

24/10/2024 03:39

** Shares of Topsports International Holdings  6110.HK  fall
5.3% to HK$2.69
    ** stock set for its biggest one-day pct decline since Oct.
14
    ** The Chinese sportswear distributor's net profit for six
months ended Aug fell 34.7% Y/Y, with revenue down 7.9% Y/Y
    ** It also posts low-teens y/y decline in total sales of
retail and wholesale operations for Q2
    ** Hang Seng Commerce & Industry Index  .HSNC  slips 0.8%,
Hang Seng Consumption Index  .HSCGSI  eases 0.5% and Hang Seng
Index  .HSI  down 0.6%
    ** Stock down 52.8% YTD 

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