Stock Movement | Angelalign once rose nearly 10%, profits doubled, and a special dividend was issued

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Angelalign Technology (06699) saw its profits double last year and declared a special dividend, with its stock price performing well against the market, rising by nearly 10%, peaking at HK$72.95.

As of 11:24 AM, it was reported at HK$71.55, up 7.5%, with a trading volume of HK$59 million.

The company announced its full-year results for the period ending in December last year, with a profit attributable to shareholders of US$28.437 million, an increase of 135% year-on-year, translating to earnings per share of US$0.17. It declared a final dividend of HK$0.48 and a special dividend of HK$4.99.

During the period, revenue reached US$370 million, a year-on-year increase of 37.8%. The gross profit margin was 62.9%, up 0.3 percentage points year-on-year. The total number of invisible orthodontic cases increased by 48.1% to 532,400 cases.

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