YEE HOP HLDGS (01662) surged 7.60% intraday on Monday, driven by the company's announcement of higher fiscal first-half profit and a special dividend.
The 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 board declared a special dividend of HK$0.15 per share, payable on Dec. 31.
This positive financial performance and shareholder reward have bolstered investor confidence, leading to the stock's significant rise during the trading session.
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