HK Stock Market Move | LUK FOOK HOLD(00590) opens more than 6% higher, with a year-on-year increase of 86% in net profit. The final dividend has increased to 1.02 Hong Kong dollars.

LUK FOOK HOLD (00590) opened more than 6% higher, rising 6.56% to HK$21.78 as of the time of publication, with a turnover of HK$479,200. In terms of news, LUK FOOK HOLD released its annual results for the year ending March 31, 2026. The group achieved revenue of HK$17.205 billion, an increase of 29% year-on-year; net profit attributable to equity holders amounted to HK$2.046 billion, an increase of 86% year-on-year; proposed final dividend of HK$1.02 per share, an increase of 85.5% year-on-year. The announcement stated that the increase in revenue was mainly driven by strong demand for gold products, as well as effective product differentiation and sales and marketing strategies driving a significant increase in the sale of priced jewelry products. Additionally, benefiting from the rise in gold prices and an increase in the proportion of priced jewelry product sales, the overall gross profit margin increased by 3.6 percentage points to 36.7%, with gross profit rising by 42.9% to HK$6.31 billion, reaching a new high.