HK Stock Market Move | SUPER HI (09658) rose nearly 4%, with a 70.7% year-on-year increase in operating profit in the first quarter.

SUPER HI (09658) rose nearly 4%, as of the time of writing, it rose 3.8%, closing at HK$10.94, with a turnover of HK$8.91 million. On the news front, SUPER HI released its first-quarter results after the market closed yesterday, with revenue of US$226 million, a year-on-year increase of 14.2%; operating profit of US$14 million, a year-on-year increase of 70.7%, and operating profit margin rose to 6.2%, an increase of 2.1 percentage points from the same period last year; overall turnover rate reached 4.0 times/day, with same-store sales increasing by 4.0%. However, net profit for the period was US$4.1 million, a year-on-year decrease of 65.7%, mainly due to a net increase of US$11.7 million in exchange losses compared to the same period last year, mainly affected by the depreciation of local currency against the US dollar.