Luk Fook Warns of 50% Profit Decline in Fiscal H1

MT Newswires Live

2024/11/21

Luk Fook Holdings (International) (HKG:0590) expects a 50% year over year decline in profit for the six months ended Sept. 30, a Thursday bourse filing said.

The jewelry retailer attributed the downbeat forecast to a significant increase in gold hedging losses and a decline in gold product sales.

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