YEE HOP HLDGS (01662) saw its stock price surge 7.60% during Monday's intraday trading session. The significant rise follows the company's announcement of higher profits for the first half of the fiscal year, despite a decline in revenue.
The engineering and construction services provider reported a HK$39.6 million profit attributable to owners, up from HK$32.4 million a year earlier. Additionally, the board declared a special dividend of HK$0.15 per share, payable on Dec. 31, which has further bolstered investor confidence.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments