China's Laopu Gold jumps on robust first-half results

About this update from Laopu Gold Co. Ltd. Class H

** Shares of Laopu Gold Co HKEX:6181 jump 9.3% to HK$785, on track for their biggest one-day pct gain since June 30** Stock hit its highest since August 15** The Chinese gold jewellery maker and distributor said its first-half sales jumped 249.4% y/y to 14.18 billion yuan ($1.97 billion), and net profit soared 285.8% y/y to 2.27 billion yuan** Co, with a current market capitalisation of HK$133 billion ($17.04 billion), proposed to pay an interim dividend of 9.59 yuan per share** Hang Seng Commerce & Industry Index HSI:HSCI falls 1%, the benchmark Hang Seng Index HSI:HSI slips 0.6%** YTD, stock up 225% ($1 = 7.1849 Chinese yuan)($1 = 7.8061 Hong Kong dollars)

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