TOPSPORTS Surges Over 11% Following Full-Year Results Announcement

Stock News09:48

TOPSPORTS (06110) saw its share price rise more than 11%. At the time of writing, the stock was up 11.79% to HK$2.94, with a trading volume of HK$22.94 million. The company announced its full-year results after the market closed yesterday. Revenue for the period ending February this year was RMB 25.74 billion, representing a year-on-year decrease of 4.7%. Net profit was RMB 1.267 billion, a slight decline of 1.5% compared to the previous year, though the rate of decrease has narrowed significantly from the prior fiscal year. The board proposed a final dividend of 3 cents per share and a special dividend of 12 cents per share. For the same period last year, the combined final and special dividend totaled 14 cents per share. Additionally, the company disclosed that for the fourth quarter of the 2025/26 fiscal year, the total sales value for its retail and wholesale businesses recorded a low single-digit percentage decrease year-on-year.

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