Vinda International interim profit rises to HK$967m

Vinda International Holdings (3331) said net profit in the six months to June 30, increased by 6 percent to HK$967 million.

Revenue increased by 19 percent from the year before to HK$9.08 billion.

The basic earnings per share increased by 5.6 percent to 80.6 HK cents. An interim dividend of 10.0 HK cents per share was declared.

The company said it continued to gain market share and strengthen leading position in mainland China tissue market.

E-commerce business grew by 26 percent, at constant exchange rate.

Gross profit increased by 15.4 percent on year to HK$3.39 billion

Net gearing ratio1 was 36.4 percent.