SINOMEDIA (00623) shares surged 5.13% in intraday trading, as investors reacted positively to the company's robust financial performance and generous dividend announcements. The media company reported solid full-year results and declared both a final dividend and a special dividend, boosting investor confidence.
According to the released financial information, SinoMedia Holding achieved a full-year revenue of RMB 612.5 million. The company also reported an impressive operating profit of RMB 107 million, demonstrating its ability to maintain profitability in a competitive media landscape.
In a move that further pleased shareholders, SinoMedia announced a final dividend of HKD 11.00 cents per share. Additionally, the company declared a special dividend of HKD 24.00 cents per share, bringing the total payout to HKD 35.00 cents per share. This generous dividend policy, coupled with the strong financial performance, likely contributed to the significant uptick in the company's stock price during the trading session.
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