Nine Dragons Holdings Q2 Revenue Up 1.2% to $449.3M, Stock Rises 5.3%

Nine Dragons Holdings reported Q2 revenue increased 1.2% year-over-year to $449.3 million, with the stock rising 5.3% to HK$13.47 on the announcement. First-half revenue grew 1.5% year-over-year to $786.7 million. Footwear shipment volumes remained flat as expected, while average selling prices rose due to a higher proportion of athletic products and increased raw material costs.
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