Chow Tai Fook shares jump 15% after record FY profit of HK$9 billion
2026-07-10 05:13:03
According to CNBC, shares of jewelry giant Chow Tai Fook surged about 15% on Friday after the Hong Kong company posted record results for its financial year ended March, with profit attributable to shareholders of HK$9 billion ($1.15 billion), up more than 50% year over year. Operating profit rose 27.8% to HK$18.9 billion, and CFO Karen Yih said higher gold prices helped lift overall profit margin and boosted gross profit for weight-based gold products, while demand for design-led products also increased. Citi said the company’s guidance for the 2027 financial year was above expectations on sales and margins, and noted same-store sales growth in April and May was stronger than expected; the bank estimated net profit margin could expand in 2027 as the company opens more luxury and self-operated stores and expands signature jewelry collections. Chow Tai Fook shares last traded 15.38% higher.
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