HK Stock Market Move | CTF SERVICES (00659) opened more than 4% higher after reporting a 15% year-on-year increase in mid-term net profit. An interim dividend, special dividend, and special dividend in-kind totaling HK$0.6 were declared.

CTF SERVICES (00659) opened more than 4% higher after the performance announcement, reaching an increase of 4.18% with a trading price of 7.98 Hong Kong dollars and a trading volume of 909,700 Hong Kong dollars. In terms of news, CTF SERVICES announced its interim performance for the six months ending December 31, 2024, with a revenue of 10.121 billion Hong Kong dollars. The overall attributable operating profit increased by 4% year-on-year to 2.2253 billion Hong Kong dollars, with a strong growth of 15% in profit attributable to shareholders to 1.1576 billion Hong Kong dollars. Earnings per share reached 0.29 Hong Kong dollars, with a proposed interim ordinary dividend of 0.3 Hong Kong dollars per share and a special dividend of 0.3 Hong Kong dollars per share. The growth in the group's overall attributable operating profit was mainly due to the continued strong profit growth in the insurance business, while the operating loss of the Hong Yee Hospital was significantly reduced. The Asia Container Logistics Center Limited in Hong Kong, as well as China United International Containers Limited, contributed to the increase in attributable operating profit in the logistics business.