2 stories mentioning HKG:0590Updated 18d ago
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Luk Fook (International) (HKG:0590) expects an 80% to 90% year-over-year rise in profit for the year ended March 31, according to a Wednesday Hong Kong bourse filing.The jewelry retailer attributed the forecast to an improved profit margin amid a rise in gold prices, product differentiation, and a boost in the sales mix of fixed price jewelry products.
Luk Fook (International)'s (HKG:0590) retail sales value (RSV) rose 19% in the fourth fiscal quarter ending March 31, according to a Tuesday Hong Kong bourse filing.Of the total, RSV for Mainland China jumped 8%, while that for Hong Kong, Macau, and overseas increased 42%.The jewelry retailer's retailing revenue for the three months saw a 36% boost, while same-store sales increased 33%.
