Changes in Hong Kong stocks | Yum China (09987) rose more than 7% after results, net profit increased 14% year on year in the second quarter and is expected to complete Pizza Hut China's acquisition in August

The Zhitong Finance App learned that Yum China (09987) rose more than 7% after the results. As of press release, it had risen 2.68% to HK$375.6, with a turnover of HK$366.72 million.

According to the news, Yum China announced results. Total revenue increased 13% year over year to 3.1 billion US dollars; operating profit increased 14% year over year to 348 million US dollars; and net profit increased 14% year over year to 244 million US dollars. Yum China announced that it expects to complete the acquisition of the Pizza Hut brand in mainland China in August this year. Based on preliminary assessments, the company expects the pace of Pizza Hut store opening to be further accelerated starting next year.