BUZZ-China's Topsports International falls as six-month profit drops

Reuters
2024-10-24

** Shares of Topsports International Holdings fall 5.3% to HK$2.69

** stock set for its biggest one-day pct decline since Oct. 14

** The Chinese sportswear distributor's net profit for six months ended Aug fell 34.7% Y/Y, with revenue down 7.9% Y/Y

** It also posts low-teens y/y decline in total sales of retail and wholesale operations for Q2

** Hang Seng Commerce & Industry Index slips 0.8%, Hang Seng Consumption Index eases 0.5% and Hang Seng Index down 0.6%

** Stock down 52.8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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