Lung Fung Group Shares Climb on Strong Annual Earnings Report

Stock News06-30

Lung Fung Group (HKEX: 02290) shares saw a notable increase in morning trading, rising more than 3% and briefly surging close to 12% earlier in the session.

At the time of writing, the stock was up 2.06% to HK$2.48, with a trading turnover of HK$15.08 million.

The positive movement follows the company's release of its annual results for the period ending March 31, 2026.

The report showed significant growth, with revenue reaching HK$3.277 billion, marking a year-on-year increase of 33.2%.

Net profit for the year was HK$269 million, representing a substantial 57.9% rise compared to the previous fiscal year.

Basic earnings per share for the period stood at HK$0.72.

According to the company's announcement, the 57.9% profit increase for the 2026 fiscal year was primarily driven by an expansion in its retail network and positive same-store sales growth.

The total number of retail stores increased to 31, with six new stores added during the 2026 fiscal year, while same-store sales grew by 3.9%.

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