361 Degrees H1 Profit Rises on Higher Revenue

MT Newswires Live
08/12

361 Degrees International (HKG:1361) posted a profit attributable to equity holders of 857.7 million yuan for the six months ended June 30, up 8.6% from 789.7 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.

Shares of the Chinese sportswear and athletic lifestyle brand gained over 2% in early afternoon trade Tuesday.

Earnings per share stood at 0.415 yuan, compared with 0.382 yuan in the prior-year period.

Revenue rose 11% year-on-year to 5.70 billion yuan from 5.14 billion yuan, driven by higher sales across segments.

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