HKG:1910

2 stories mentioning HKG:1910Updated 53d ago

Every FINWIRES story that references HKG:1910, newest first.

Samsonite Launches $50 Million Share Buyback Program

Samsonite (HKG:1910) will launch a share buyback program of up to $50 million starting Thursday, according to a Wednesday Hong Kong bourse filing.Shares of the luggage maker were up nearly 4% in Thursday morning trade.Based on the May 12 closing price of HK$14.04, the company said the full utilization of the program could repurchase about 2.01% of its issued shares, excluding treasury shares.Samsonite intends to hold repurchased shares in treasury and fund the buybacks using internal resources.

HKG:1910

Asia54d ago

Samsonite's Q1 Attributable Profit Drops 33%

Samsonite Group (HKG:1910) recorded a 33% decline in attributable profit in the first quarter to $32.2 million from $48.2 million a year prior.Earnings per share stood at $0.023 in the three months, down from $0.034 earlier, according to a Wednesday Hong Kong bourse filing.Net sales jumped 4.1% to $829.1 million from $796.6 million in the year-ago period, the world's largest travel luggage company added.

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