Anta Sports Grew More Than 60% Last Year.

Anta sports (02020.HK) announced its 2008 full year performance yesterday.

In 2008, Anta sports business amounted to RMB 4 billion 626 million 800 thousand yuan, an increase of 54.8% over the same period last year.

The profit attributable to shareholders was 894 million 800 thousand yuan, an increase of 66.4% over the same period last year.

The basic earnings per share were 0.359 yuan, an increase of 42.3% over 2007.

By the end of 2008, Anta sports's cash and bank deposits were RMB 3 billion 490 million yuan, and cash generated from operating activities was RMB 1 billion 16 million yuan.

The board of Directors recommended that the final dividend and special dividend of each share should be HK $10 and HK $8 respectively, together with the declared interim dividend of HK $10 per share, and Anta sports's dividend payout ratio will account for 68.6% of the profits in 2008.

According to Anta's responsible person, the number of authorized retail outlets in the mainland of China has increased by 20.2% over the previous year, currently 5667.

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