HANG LUNG PPT Once Slumps 9% after Midday as Interim Profit Slips 56%; Interim Div. Loses 33%

　　Blue chip HANG LUNG PPT (00101.HK) -0.890 (-13.928%) Short selling $4.64M; Ratio 14.809% announced its interim results at noon today (30th), and its share price fell sharply after midday.

　　The stock once slumped 9.2% to a low of $5.8, hitting a nearly-20-year low. It last printed at $5.85, descending 8.45%, with 11.1915 million shares traded, involving $69.5152 million.

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　　The Company's interim revenue for the six months ended June amounted to $6.114 billion, up 16.7% YoY. Net profit amounted to $1.061 billion, down 55.7% YoY. EPS was $23 cents.

　　An interim dividend of $12 cents was declared, compared to $18 cents in the same period of 2023. Underlying net profit dropped by 22% to $1.735 billion, with the underlying EPS falling to $38 cents accordingly. The overall operating profit also dropped by 10% to $3.43 billion.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-30 12:25.)

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