China's Xtep sees best intraday session on strong results, dividend

Xtep International Holdings

16/03/2022 07:41

** Shares of China sportswear group Xtep International
Holdings Ltd  1368.HK  soar 22.6% to HK$10, mark their biggest
intraday percentage gain since debut in June 2008
    ** Stock on course to snap three straight sessions of losses
    ** Co said its 2021 net profit jumped 77.1% year-on-year to
908 mln yuan ($143.1 mln), with revenue surging 22.5% to 10 bln
yuan and a final dividend of HK$0.135 per share vs HK$0.075 in
the year-ago period  urn:newsml:reuters.com:*:nFWN2VI1BT
    ** Says it will continue to invest in product development,
network expansion and brand building in 2022 and beyond
    ** Stock of bigger rival ANTA Sports  2020.HK  jumps 13.2%
and Li Ning  2331.HK  up more than 14%
    ** Hang Seng Commerce & Industry Index  .HSNC  soars 15.6%
and Hang Seng consumer goods and services index  .HSCGSI  surges
9.7% 
    ** Hang Seng Composite Index  .HSCI  jumps 9.4% and the
benchmark Hang Seng Index  .HSI  rises 8.6%

     ($1 = 6.3466 Chinese yuan)

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