BUZZ-China diaper producer Hengan hits 1-month low as profit drops
Reuters03-25
** Hengan International's shares 1044.HK fall 3.8% to near one-month low of HK$21.4
** Stock set for fourth consecutive session of declines and for biggest one-day pct drop since February 28
** Diaper and tissue paper products maker says 2024 profit attributable dropped 17.9% y/y to 2.3 bln yuan ($316.8 mln), missing SmartEstimate's forecast of 2.5 bln yuan
** Revenue fell 4.6% to 22.7 bln yuan, also shy of estimates of 23 bln yuan; while gross margins slipped to 32.3% from 33.7%
** Hang Seng Consumption Index .HSCGSI declines 1.5%, Hang Seng Index .HSI falls 1.8%
** Stock down 3.8% YTD
($1 = 7.2598 yuan)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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