Stock Moves | Master Kong Rises Nearly 50% with 21% YoY Earnings Growth

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Master Kong (00322) reported a 21% increase in profit last year, with a total dividend of 79.84 cents including special dividends. The stock price performed well, rising up to 7.2% to a high of HKD 12.89.

As of 10:32 a.m., the stock was at HKD 12.59, up 4.7%, with a turnover of HKD 200 million.

The company announced that for the year ending December 31, the attributable net profit was RMB 4.501 billion, a 20.52% increase year-on-year, with earnings per share of 79.86 cents.

The company declared a final dividend of 39.92 cents and a special final dividend of 39.92 cents, totaling 79.84 cents.

During the period, revenue was RMB 79.068 billion, a decrease of 1.96% year-on-year. The gross profit margin was 34.8%, up 1.7 percentage points.

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