Summary by Moomoo AI
Luk Fook Holdings (International) Limited announced a positive profit forecast on June 24, 2024, expecting a net profit of over HKD 1.7 billion within the fiscal year 2024, an increase of about 30% to 40% compared to the previous year. This forecast is based on a preliminary review of the unaudited draft financial statements, taking into account the sustained improvement of the retail atmosphere in Mainland China, Hong Kong SAR, and Macau SAR since the clearance in early last year, as well as a one-time valuation gain of approximately HKD 200 million recorded after the acquisition of HKRH. The Board of Directors reminds shareholders and potential investors that the above financial data may be adjusted after further review and suggests careful reading of the full-year performance announcement to be published on June 28, 2024. Shareholders and potential investors should exercise caution when trading shares.