Chow Tai Fook Jewellery shares jump on Q1 revenue
HONG KONG, July 10
HONG KONG, July 10 (Reuters) - Shares in Chow Tai Fook Jewellery Group Ltd, the world's largest jewellery retailer by market value, jumped as much 15 percent in early Wednesday trade after the company reported strong revenue growth in first quarter.
The company said first-quarter revenue rose 63 percent from a year earlier, mainly due to a surge in sales of gold products following a sharp decrease in gold prices.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.