Stock Track | KARRIE INT'L Soars 9.52% Intraday on Stable H1 Earnings and Dividend Announcement
Stock Track
Nov 27
Karrie International Holdings (HKG:1050) saw its stock surge 9.52% during Thursday's intraday trading session, driven by the release of its fiscal first-half results and a dividend announcement.
The company reported a flat profit attributable to owners of HK$101.7 million for the six months ended Sept. 30, compared to HK$101.8 million a year earlier. Revenue, however, rose 5% to HK$1.61 billion from HK$1.53 billion, indicating steady growth. The board also declared an interim dividend of HK$0.015 per share, payable on Dec. 31, which may have bolstered investor confidence despite the dividend being lower than the previous year's HK$0.025 per share.
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