HONG KONG, March 10 (Reuters) - Shares of CITIC Pacific rose more than 7 percent to a seven-week high after the steel-to-property conglomerate reported forecast beating earnings.
The soared to as high as to HK$18.96 by 0656 GMT, up 7.4 percent.
During the lunch break, the steel-to-property conglomerate said it returned to profit with earnings at HK$5.95 billion for 2009, beating a forecast of HK$5.08 billion.
(US$1=HK$7.76)
(Reporting by Donny Kwok; editing by Jonathan Hopfner)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: CITICPACIFIC SHARES (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The soared to as high as to HK$18.96 by 0656 GMT, up 7.4 percent.
During the lunch break, the steel-to-property conglomerate said it returned to profit with earnings at HK$5.95 billion for 2009, beating a forecast of HK$5.08 billion.
(US$1=HK$7.76)
(Reporting by Donny Kwok; editing by Jonathan Hopfner)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: CITICPACIFIC SHARES (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
