Emperor Watch and Jewellery takes cautious view of second half

Business | 29 Aug 2018 4:31 pm

Emperor Watch and Jewellery (0887) chairperson and chief executive Cindy Yeung said today the company maintained a conservative view of business growth in the second half, considering factors such as the Sino-US trade war and yuan depreciation, as well as the high base of comparison in the first half.

Overall same store sales growth increased by 22.4 percentage points to 31.2 percent, while same store sales growth in Hong Kong was 37 percent.

Chief financial officer Benson Chu, said there will not be a special dividend for the 10th anniversary of the company's listing.

There are plans to open a jewelry shop in Malaysia in October this year.

Yeung said expansion in Southeast Asia will continue.

Also, three new stores will be opened in Hong Kong, while five to six outlets will open in the mainland in the second half.

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