Haidilao International's H1 Attributable Profit Falls; Shares Slide 4%

MT Newswires Live08-28

Haidilao International Holding's (HKG:6862) attributable profit fell to 2.04 billion yuan in the first half from 2.26 billion yuan in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exchange.

Earnings per share at the hotpot operator decreased to 0.38 yuan from 0.42 yuan in the previous year. Analysts at Visible Alpha estimated EPS to come in at 0.41 yuan.

Revenue grew to 21.5 billion yuan during the period from 18.9 billion yuan a year earlier. Analysts at Visible Alpha estimated revenue to come in at 21.7 billion yuan.

The company declared an interim dividend of HK$0.391 per share, payable Oct. 2 to shareholders on record as of Sept. 16.

Shares fell 4% during Wednesday's morning trading.

Price (HKD): $11.80, Change: $-0.46, Percent Change: -3.75%

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