Topsports International (HKG:6110) reported a profit attributable to equity holders of 789.1 million yuan for the six months ended Aug. 31, down from 873.8 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

Shares of the sportswear manufacturer were up nearly 3% in Thursday's late morning trade.

Earnings per share came in at 0.1272 yuan, compared with 0.1409 yuan a year earlier.

Revenue declined to 12.3 billion yuan from 13.0 billion yuan.

The company declared an interim dividend of 0.13 yuan per share, compared with 0.14 yuan in the prior-year period, payable on or about Dec. 18, to shareholders whose names appear on the register of members as of Dec. 5.

In a separate filing, the company said total sales from its retail and wholesale operations fell by a high single-digit percentage year over year in the quarter ended Aug. 31.

The gross selling area of directly operated stores declined 3.3% from the previous quarter and 14.1% from a year earlier, reflecting continued store rationalization efforts.