Star Group (00403) rose by 12%, interim results turn around and pay interim and special dividends totaling 11 HK cents per share

Interim turnaround and substantial dividend payout,Star Group(00403) Continued to strengthen in the afternoon. As of press time,Star GroupIt rose 12.05% to HK$0.465, with a turnover of HK$11 million.

　　Star Group(00403) NoonannouncementFor the six months ended September 30, 2021, the company achieved revenue of HK$557 million, a year-on-year decrease of 0.53%.shareholderAttributable profit was HK$418 million, compared with a loss of HK$69.911 million in the same period last year.

At the same time, the company plans to distribute interim dividends and special dividends, totaling 10.1 HK cents per share, and the total amount of dividends is about 58 million Hong Kong dollars.

Xingguang Group explained that the improvement in profit performance during the period was mainly due to the sale of all shares in Xingguang Printing (Shenzhen) and the net proceeds of approximately HK$483 million. However, during the period, the price of major raw materials, shipping and labor-related costs soared, affecting the overall profit level.

Star Group’s main business is printing and manufacturingPackaging Materials, Labels, and paper products, including environmentally friendly products.

(Source: Zhitong Finance Network)

Article source: Zhitong Finance Network

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Original title: Hong Kong stocks move | Star Group (00403) rose 12%, turned around its interim results, and distributed a total of 11 HK cents per share for interim and special dividends