China's online marketing group Joy Spreader hits 11-mth high on robust results

Joy Spreader

16/05/2022 04:37

** Shares of Beijing-based online media marketing service
provider Joy Spreader Group Inc  6988.HK  surge as much as 8.2%
to HK$3.18, their highest since June 30, 2021
    ** Stock on course for the biggest daily percentage gain
since April 4, on the second session of gain; the fourth biggest
percentage gainer in the Hang Seng Composite Index  .HSCI  
    ** Beijing-based online media marketing service provider
says its revenue for January-March quarter soared 183.9%
year-on-year to HK$705.26 mln ($89.84 mln) with gross profit
surging 22.8% year-on-year to HK$95.08 mln (https://bit.ly/3wduKUD)
    ** The Hang Seng sub-index tracking information technology
firms  .HSCIIT  drops 1.5%, and the Hang Seng Tech Index
 .HSTECH  falls 0.7%
    ** The Hang Seng Composite Index  .HSCI  eases 0.4%, and the
benchmark index  .HSI  slips 0.5%
    
($1 = 7.8499 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))