Stock Track | YEE HOP HLDGS Soars 7.60% on Higher Fiscal H1 Profit and Special Dividend

Stock Track12-01

YEE HOP HLDGS (01662) saw its stock price surge by 7.60% during the intraday session on Monday, following the company's announcement of higher fiscal first-half profit and a special dividend.

The engineering and construction services company reported a HK$39.6 million profit attributable to owners for the six months ended Sept. 30, up from HK$32.4 million a year earlier. Despite a decline in revenue to HK$481.3 million from HK$661.7 million, the company declared a special dividend of HK$0.15 per share, payable on Dec. 31.

Investors reacted positively to the news, driving the stock higher as the market welcomed the improved profitability and shareholder returns.

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