Yihai International Holding's H1 Profit Falls 14% Despite 12% Revenue Growth

MT Newswires Live08-28

Yihai International Holding's (HKG:1579) attributable profit fell 14% to 308.3 million yuan in the first half from 357.8 million yuan in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exchange.

Earnings per share at the condiments manufacturer decreased 13% to 0.3178 yuan from 0.3659 yuan in the previous year.

Revenue grew 12% to 2.93 billion yuan from 2.62 billion yuan a year earlier.

The company declared an interim dividend of 0.2825 yuan per share, payable Sept. 27 to shareholders on record as of Sept. 16.

Shares closed 7% lower during Wednesday's trading.

Price (HKD): $10.62, Change: $-0.68, Percent Change: -6.02%

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