HK Stock Market Move | FWD (01828) rose over 7% after earnings, with post-tax operating profit in the first half rising 20% to $298 million.

FWD (01828) rose over 7% after earnings, and as of the time of this report, it is up 6.92% at HKD 31.2, with a turnover of HKD 16.6752 million. In terms of news, FWD released its interim results, reporting that new business sales, calculated based on annualized new premiums, increased by 7% year-on-year to USD 1.35 billion, with the marginal service of new business contracts at USD 996 million, a year-on-year growth of 25%. After-tax operating profit rose by 20% to USD 298 million. FWD CEO and Executive Director Huang Qingfeng stated: FWD has delivered strong performance in its first full year since going public. We have once again demonstrated our ability to drive business growth continuously while converting that growth into higher profitability alongside expanding profit margins. This is attributed to the diversified geographic presence, multi-channel distribution model, and capital structure we have established over the past 13 years, which equip FWD with favorable conditions to seize future development opportunities.