Summary by Moomoo AI
The Liufu Group announced on 21 November 2024 that, based on the unaudited draft consolidated management accounts for the six months ended 30 September 2024, the profit for the first half of the year 2025 is expected to decrease by approximately 50% compared to the same period last year. The main reasons were a significant increase in gold hedging losses and a decline in gold product sales. Excluding the impact of gold hedging losses, the adjusted profit decline narrows to less than 30%.The Board of Directors reminds investors that these financial data are subject to adjustment following further review based on unaudited accounts and currently available information. The Company will announce interim results for the first half of fiscal year 2025 on 26 November 2024. Shareholders and potential investors should read the announcement carefully.The announcement was made by Chairman of the Board and Chief Executive Officer Wong Wai Chang and reminded shareholders and investors to exercise caution when buying and selling the Company's shares.
