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NETEASE MUSIC Slips 9%+ in Early Trade under Post-results Selling Pressure
Recommend 1 Positive 3 Negative 6 |
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NETEASE MUSIC (09899.HK) reported a 76% YoY surge in net profit to RMB2.748 billion last year. The company's stock price opened flat this morning (12th) but then tumbled to bottom at HKD165.6 in the early session. It last traded at HKD166, down 9.29%, with a trading volume of 504,100 shares and a turnover of HKD86.4998 million. NETEASE MUSIC had announced its annual results for the year ended last December, with revenue of RMB7.759 billion, a YoY decrease of 2.4%. It recorded an adjusted net profit, measured in non-IFRS terms, of RMB2.86 billion, representing a YoY increase of 68.2%. AASTOCKS Financial News URL: www.aastocks.com |
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