BUZZ-China's 361 Degrees hits 3-week peak on higher FY profit
Reuters
Mar 24
BUZZ-China's 361 Degrees hits 3-week peak on higher FY profit
** Shares of 361 Degrees International 1361.HK rise 7.8% to HK$5.67, their highest since March 2
** Stock on track for biggest one-day pct rise since September 2024, if gains hold
** Chinese sports footwear and apparel maker said on Tuesday its 2025 profit attributable rose 13.9% y/y to 1.31 bln yuan ($190 mln) with revenue up 10.6% y/y to 11.15 bln yuan
** YTD, stock down 7.6%, benchmark Hang Seng Index .HSI down 3.5%
($1 = 6.8936 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.