BUZZ-China's Haidilao faces worst day in 4-1/2 months as H1 profit drops

Reuters
10小时前
BUZZ-China's <a href="https://laohu8.com/S/06862">Haidilao</a> faces worst day in 4-1/2 months as H1 profit drops

** Shares of Haidilao International Holding 6862.HK fall 6.5% to HK$13.92, on course for their biggest one-day pct drop since April 7 if current losses hold

** Stock hits the lowest level since August 15, and on track to snap two sessions of gains; top pct loser on the Hang Seng Commerce & Industry Index .HSNC, which slips 0.6%

** Chinese hot-pot restaurant chain operator says its H1 net profit dropped 13.7% y/y to 1.76 bln yuan ($246.05 mln) and revenue fell 3.7% to 20.7 bln yuan

** The Hang Seng Consumption Index .HSCGSI slips 0.1%, the benchmark Hang Seng Index .HSI eases 0.5%

** YTD, stock down 10.6%

($1 = 7.1529 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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