KINGBOARD HLDG fell more than 3% in the afternoon, with a 70% increase in interim profits and a raised dividend. KB LAMINATES plummeted 7% after earnings

KINGBOARD HLDG (00148.HK) today (25th) closed at HKD 30.6, down 0.4%. It announced its interim results for the six months ending in June at noon, and after that, it declined further, latest reported at HKD 29.68, down 3.39%, with a trading volume of 3.4525 million shares, involving HKD 105 million.

The group's revenue for the first half of the year was HKD 21.608 billion, an increase of 5.8% year-on-year. Net profit was HKD 2.582 billion, an increase of 71.3% year-on-year; earnings per share were HKD 2.329. An interim dividend of HKD 0.69 was declared, compared to HKD 0.40 in the same period last year, an increase of 72.5%.

Its subsidiary, KB LAMINATES (01888.HK), closed at HKD 12.72, down 2.7% for the half day. After the interim results were disclosed, the decline accelerated in the afternoon, latest reported at HKD 12.12, down 7.27%, with a trading volume of 25.4625 million shares, involving HKD 318 million.

KB LAMINATES reported a revenue of HKD 9.588 billion for the first half of the year, an increase of 11% year-on-year. Net profit was HKD 933 million, an increase of 28.2% year-on-year; earnings per share were HKD 0.299. An interim dividend of HKD 0.15 was declared, compared to HKD 0.12 in the same period last year, an increase of 25%