LUK FOOK HOLD (00590) announces an increase in annual profit of about 80% to 90% compared to the previous year.
The Luk Fook Group (00590) announced that the group expects the annual net profit for the year ending March 31, 2026 to increase by approximately 80% to 90% compared to the same period last year. This is mainly due to the rise in gold prices, effective product differentiation and sales strategies driving an increase in the proportion of high-priced jewelry products sold, as well as operational leverage and other factors, which have improved profit margins and led to a substantial increase in overall profits.
LUK FOOK HOLD (00590) announced that the Group expects a year-on-year increase in net profit of approximately 80% to 90% for the fiscal year ending March 31, 2026. This is mainly due to the rise in gold prices, effective product differentiation, and sales strategy driving an increase in the proportion of sales of premium-priced jewelry products, as well as operational leverage and other factors, leading to an increase in profit margin and significant overall profit growth.
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GCL TECH (03800) spent approximately HKD 81.29 million on June 10th to repurchase approximately 1.09 billion shares.
Hangzhou Tigermed Consulting (03347) repurchased 1.5507 million shares at a cost of 60.0656 million yuan on June 10th.
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