XJ International's Fiscal H1 Profit More Than Doubles; Shares Jump 9%
MT Newswires Live
Apr 29
XJ International (HKG:1765) booked 620.1 million yuan in attributable profit for the fiscal first half ended Feb. 28, more than double the 307.5 million yuan posted a year earlier, according to a Hong Kong bourse filing Tuesday.
The education services provider's shares gained nearly 9% in morning trade on Wednesday.
Earnings per share were 0.072 yuan, compared with 0.038 yuan in the prior year period.
Revenue fell 3.3% year on year to 2.05 billion yuan, figures showed.
The firm said it saw a rise in profit as it shed underperforming assets to reduce costs while improving quality and efficiency.
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