Chow Sang Sang's Profit Plunges 36% in H1

MT Newswires Live08-28

Chow Sang Sang Holdings International (HKG:0116) recorded a 36% decline in attributable profit for the six months ended June 30 to HK$526 million from HK$827.2 million during the year-ago period, a Tuesday filing on the Hong Kong bourse said.

Earnings per share stood at HK$0.776 during the interim period, down from HK$1.22 in the first half of 2023.

The jewelry maker's turnover from continuing operations fell by 13% to HK$11.3 billion in the half year from HK$13 billion a year prior.

The company has declared an interim dividend of HK$0.15 per ordinary share, payable Sept. 30 to shareholders of record on Sept. 13.

Shares of the company closed nearly 2% higher on Wednesday.

Price (HKD): $6.50, Change: $+0.12, Percent Change: +1.88%

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