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Chow Tai Fook Jewellery Group Says Mainland China's Qtrly Same-store Sales Growth Reached 42.8%
Chow Tai Fook Jewellery Entered Master Collaboration Agreement With New World Development
Chow Tai Fook Jewellery Group Posts FY Profit Attributable Of HK$6,026 Mln
Chow Tai Fook Jewellery Group Limited is an investment holding company. The Company is principally engaged in the manufacture and sale of mass luxury and high-end luxury jewelry, as well as the provision of jewelry related services. The Company is also involved in the distribution of watches of various brands. The Company’s main products include gem-set products, gold products and platinum/karat gold products. The Company operates its business through four segments: Jewelry Business in the Mainland China, Watch Business in the Mainland China, Business in Hong Kong, Macau and Other Markets and Business of Hearts on Fire.
Misc. Fabricated Products
38/F, New World Tower
16-18 Queen's Road Central
Executive Chairman of the Board
Finance Director, Joint Company Secretary, Executive Director
General Counsel, Joint Company Secretary
Managing Director, Mainland China
Managing Director, Corporate and HK, Macau & Overseas
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(Corrects paragraph 2 to say net profit surged from HK$2.9 billion in fiscal 2020, not 2019)
Chow Tai Fook Jewellery Group Ltd reported a 107.7% jump in annual profit on Tuesday, thanks to a oneoff COVID-19 related rent concession, an unrealised gain on gold loans and a foreign exchange gain.
* Optimistic on China business outlook on supportive policies
Chow Tai Fook Jewellery Group Ltd, China's largest jeweller by market value, reported a 36.6% drop in annual profit on Thursday as COVID-19 and a surge in international gold prices dampened retail demand.
* China's H1 same-store sales rise 4.9 pct; HK, Macau up 24.4 pct
Chow Tai Fook Jewellery Group Ltd, China's largest jeweller by market value, reported on Thursday an 8.8 percent jump in half-year profit, underpinned by solid consumer sentiment and an uptick in mainland tourists to Hong Kong.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.