Instant noodle maker Uni-President climbs on H1 profit growth
BUZZ-Instant noodle maker Uni-President climbs on H1 profit growth ** Shares of Uni-President China Holdings 0220.HK climb 3.8% to HK$7.62, on course for their biggest one-day pct gain since July 6
** Stock of the China instant food and beverage maker, with current market capitalisation of $4.12 bln, touches the highest level since August 3, snapping four straight falling sessions
** Uni-President says its first-half profit attributable rises 9% y/y to 1.4 bln yuan ($207.47 mln), revenue up 1.4% y/y to 17.3 bln yuan and gross margin up by 0.7 percentage points to 35%
** YTD, stock down 7.9%, benchmark Hang Seng Index .HSI down 0.7%
($1 = 6.7479 Chinese yuan renminbi)
($1 = 7.8431 Hong Kong dollars)
(Reporting by Donny Kwok)
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