LEGENDHOLDING (03396) Rises Over 4% as Subsidiary Levima Advanced Materials Reports 102.67% Jump in Q1 Net Profit

Stock News04-24

Shares of LEGENDHOLDING (03396) climbed more than 4 percent. As of the time of writing, the stock was up 4.26 percent, trading at HK$9.8 with a turnover of HK$87.38 million. On April 23, LEGENDHOLDING announced that its subsidiary, Levima Advanced Materials Corporation (003022.SZ), recorded first-quarter revenue of approximately RMB 2.246 billion, a year-on-year increase of 45.93 percent. Net profit attributable to shareholders of the listed company reached about RMB 145 million, surging 102.67 percent compared to the same period last year. After adjusting for non-recurring items, net profit was approximately RMB 147 million, up 109.12 percent year-on-year. Basic earnings per share stood at RMB 0.11.

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