China's sportswear group 361 Degrees jumps on strong H1 results

Reuters2021-08-17

Shares of China's sportswear maker 361 Degrees International Ltd jump 5.6% to HK$3.60, the biggest daily percentage gain since Aug. 5, extending gains for the second session.

Fujian-based company says it first-half net profit jumped 32.9% year-on-year to 401.4 mln yuan ($61.92 million) with revenue rising 15.7% to 3.11 bln yuan as China's domestic sports industry continued to recover.

The Hong Kong Hang Seng consumer goods and services index drops 2.4%, and the Hang Seng Composite Index falls 2.1%

The Hang Seng China Enterprises Index slips 2.4% and the benchmark index down 1.8%.

As of last close, the stock had soared 215.7% this year.

($1 = 6.4824 Chinese yuan renminbi)

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  • Keewi
    2021-08-17
    Keewi
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  • OMZ
    2021-08-17
    OMZ
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