Topsports International (HKG:6110) posted profit attributable to equity holders of 1.27 billion yuan for the year ended Feb. 28, down from 1.29 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

Shares of the sportswear manufacturer were up over 12% in Thursday's late morning trade.

Earnings per share came in at 0.2043 yuan, compared with 0.2074 yuan in the prior fiscal year.

Revenue fell 4.7% to 25.7 billion yuan from 27 billion yuan a year earlier.

The board recommended a final dividend of 0.03 yuan per share and a special dividend of 0.12 yuan per share.

Separately, the company said total sales from retail and wholesale operations recorded a low-single-digit year-on-year decline in the fiscal fourth quarter.

Gross selling area of directly operated stores fell 4.2% from the previous quarter and declined 9.7% on a year-on-year basis.