HK-listed Want Want rises on annual profit growth, higher dividend payout

Want Want China Holdings

16/06/2020 07:01

** Shares of Hong Kong-listed Chinese rice cracker and
beverage producer Want Want China Holdings Ltd  0151.HK  rise as
much as 7.9% to HK$5.98, snapping four sessions of fall
    ** The stock later trims gain to HK$5.90, still up 6.5%, set
for biggest intraday pct gain since April 7
    ** Stock ranks the third biggest percentage gainer among the
50 constituent stocks of the benchmark Hang Seng Index  .HSI  
    ** Shanghai-based co posted 5% rise in net profit to 3.65
bln yuan  ($516.3 mln) for year ended March with gross profit
margin up 2.6 percentage points at 48%  urn:newsml:reuters.com:*:nFWN2DS0ZB
    ** Co proposes to pay a final dividend of $0.0242 per share
vs $0.0241 the same period a year ago, and a special dividend
$0.011, up from $0.0048 in fiscal 2019  
    ** By last close, stock down 23.9% this year
    **  Stock has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 5.7 percentage points in the last month
    ** The Hang Seng China enterprises index  .HSCE  climbs
2.6%, and the benchmark index  .HSI  rises 2.9%
($1=7.0698 Chinese yuan renminbi)

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