Luk Fook forecasts up to 90pc annual profit surge

Luk Fook (0590) expects its profit for the year ended March 31 to surge by 80 to 90 percent year-on-year, primarily driven by rising gold prices and improved profit margins.

It also attributed the substantial earnings growth to operating leverage and effective product differentiation. These targeted sales strategies successfully boosted the sales mix of its fixed-price jewelry products.

The company is scheduled to release its full-year results on June 25.

Effie Zhang

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