HK's tissue maker Vinda hits 15-month low on weak earnings growth

Vinda International Holdings

16/07/2021 03:39

** Shares of tissue and napkins manufacturer Vinda
International Holdings Ltd  3331.HK  fall 15% to HK$19.84, their
lowest since April 15, 2020
    ** Stock on course for the worst day since Oct. 22 and a
second session of decline; second-biggest percentage decliner on
the Hong Kong bourse
    ** Co posts a 6% year-on-year rise in H1 net profit with
revenue growing 19%  urn:newsml:reuters.com:*:nFWN2OR1HC
    ** Says the overall business environment remains volatile by
fluctuations in raw material prices, changes in consumer market,
and intense competition
    ** In the year-ago period, net profit had jumped 107.5%
 urn:newsml:reuters.com:*:nFWN2EN11H
    ** The Hong Kong Composite Industry Index tracking consumer
staples  .HSCICS  falls 1.1%
    ** The Hang Seng China Enterprises Index  .HSCE  eases 0.1%,
and the benchmark index  .HSI  edges down 0.03%
    ** As of last close, the stock had risen 10.4% this year

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