China snack food maker Want Want jumps most in 16 months on solid results

Want Want China Holdings

25/06/2024 07:36

** Shares of snack food and beverage manufacturer Want Want
China Holdings Ltd  0151.HK  jump 4.8% to HK$4.38, set for
biggest one-day gain since February 2023, if trend holds
    ** Co, with market valuation of HK$51.9 bln ($6.65 bln),
said its net profit for year ended in March rose 18.4% Y/Y to
3.99 bln yuan ($549.49 mln), with revenue rising 2.9% Y/Y to
23.59 bln yuan and gross margin increasing to 46.6% from 43.9% 
    ** Hang Seng Consumption Index  .HSCGSI  gains 0.2% and
index tracking consumer staples  .HSCICS  climbs 0.3%, while
Hang Seng Index  .HSI  slips 0.2%
    ** Stock down 7.6% YTD  
($1 = 7.2613 Chinese yuan)
($1 = 7.8070 Hong Kong dollars)

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