HK-listed Vinda rises most in 8 months on strong Q1 results

Vinda International Holdings

23/04/2021 02:50

** Shares of Chinese tissue and personal care products maker
Vinda International Holdings Ltd  3331.HK  rise as much as 6.3%
to HK$28.50, their highest since Aug. 27, 2020
    ** Stock on course for second session of gains
    ** Stock last up 4.5%, on track for the best day since March
5; among the 30 biggest percentage gainer on the Hong Kong
bourse in early trade 
    ** Vinda posts a 46.5% rise in Q1 net profit to HK$553 mln 
($71.3 mln), total revenue jumped 30.7% to HK$4.47 bln and gross
profit margin increased by 1.4 percentage points to 38.9% as
product mix improved with better cost efficiency  urn:newsml:reuters.com:*:nFWN2MF1CC
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 1%
    * The Hang Seng China enterprises index  .HSCE  climbs 0.6%,
and the benchmark index  .HSI  gains 0.7%
    ** As of last close, the stock had surged 26.7% this year


($1 = 7.7607 Hong Kong dollars)

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