BUZZ-China's WH Group set for best day in 19 months on higher revenue, dividend
Reuters03-25 11:48
BUZZ-China's WH Group set for best day in 19 months on higher revenue, dividend
** Shares of WH Group 0288.HK jump 6.8% to HK$10.05, on course for the biggest one-day pct increase since August 2024
** Chinese pork production co said its 2025 revenue up 8% y/y at $28.03 bln, profit attributable before biological fair value adjustments up 8.2% y/y with a final dividend of HK$0.41 per share as compared to HK$0.40 a year ago
** China contributed to 30.3% of its 2025 revenue, while North America accounted for 54.3% of its revenue - Co
** WH's unit Smithfield FoodsSFD.O also beat analysts' estimates for fourth-quarter sales and profit on Tuesday, helped by resilient demand for packaged meats and cost-saving efforts
** YTD, WH stock up 14.7%, while benchmark Hang Seng Index .HSI down 1.9%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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