HK Stock Market Move | SITC (01308) rose by over 5% after its performance report. Annual net profit increased by 18.9% to $12.23 USD.
Hai Feng International (01308) rose by more than 5% after its performance. As of the time of publication, it rose by 5.58% to 35.2 Hong Kong dollars, with a trading volume of 79.8126 million Hong Kong dollars.
SITC (01308) rose more than 4% after the performance announcement, and at the time of publication, it rose by 5.58% to 35.2 Hong Kong dollars, with a turnover of 79.8126 million Hong Kong dollars.
In terms of news, SITC announced its full-year performance, with revenue of $3.412 billion, up 11.6% year-on-year; net profit of $1.223 billion, up 18.9% year-on-year; and earnings per share of $0.46. A final dividend of 1 Hong Kong dollar per share was declared, compared to 1.4 Hong Kong dollars in the same period last year.
The announcement stated that the increase in revenue was due to an increase in container volume from 3,570,184 standard containers in 2024 to approximately 7.8% to 3,847,539 standard containers in 2025; and the average freight rate increased by approximately 4.5% from $721.1 per standard container in 2024 to $753.3 per standard container in 2025.
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