10:08 AM EDT, 08/30/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

MINISO Group Holding's ( MNSO ) shares were up nearly 6% in recent Friday trading after the company reported Q2 adjusted earnings of 2.00 Chinese renminbi ($0.28) per diluted American depositary share, up from 1.80 renminbi a year earlier.

Two analysts polled by Capital IQ expected 2.06 renminbi.

Revenue for the quarter ended June 30 was 4.04 billion renminbi, compared with 3.25 billion renminbi a year earlier.

Analysts polled by Capital IQ expected 4.03 billion renminbi.

The company said its board approved an interim cash dividend of $0.2744 per ADS, payable Sept. 23 to shareholders of record on Sept. 13.

The board also approved a stock repurchase program of up to 2 billion Hong Kong dollars ($256.5 million) of the company's shares and/or ADSs over a 12-month period.

Price: 17.30, Change: +0.98, Percent Change: +5.97