HK Stock Market Move | H&H INTL HLDG(01112) drops more than 7%, expecting a 45%-65% decline in net profit in the first half of the year.

H&H International Holdings (01112) fell more than 7%, as of the time of writing, down 7.65% to HK$10.86, with a turnover of HK$66.12 million. On the news front, H&H International Holdings announced that in the first half of the year, based on the International Financial Reporting Standards, the group's reported net profit is expected to decrease by between 45% and 65%. The decrease in the group's reported net profit is mainly due to the payment of a one-time premium for the early redemption of the outstanding convertible notes due in 2026, as well as the non-cash write-offs of related unamortized transaction costs. In addition, total revenue for the period increased by approximately a single-digit percentage compared to the same period last year, driven mainly by growth in all business segments (including adult nutrition and healthcare products, infant and child nutrition and healthcare products, and pet nutrition and healthcare products).