Xiaocaiyuan International Holding Ltd. (HKG:0999) said profit attributable to shareholders rose nearly 36% to 382.4 million yuan for the six months ended June 30, from 281.9 million yuan a year earlier, according to a Friday Hong Kong bourse filing.

Earnings per share came in at 0.33 yuan from 0.27 yuan a year earlier.

Revenue climbed 6.5% to 2.71 billion yuan from 2.55 billion yuan.

The board declared an interim dividend of 0.2119 yuan per share.

Separately, it adopted a revised dividend policy, setting a target payout ratio of 50% to 60% of profit attributable to shareholders, effective Aug. 15

It said future dividends will consider cash flow, financial condition, operating results, and growth plans, while remaining subject to board discretion.

Shares of the restaurant operator gained nearly 1% in late-morning trade.