Summary by Moomoo AI
Luk Fook Holdings announced on November 21, 2024, that based on the unaudited draft comprehensive management accounts for the six months ended September 30, 2024, it is expected that the net profit for the first half of the 2025 fiscal year will decrease by approximately 50% compared to the same period last year. The main reasons are a significant increase in losses from gold hedging and a decrease in gold product sales. Excluding the impact of gold hedging losses, the adjusted decrease in profit is expected to narrow to at least 30%.
The board of directors reminds investors that these financial data are based on unaudited accounts and currently available information, which may be adjusted after further review. The company will announce the mid-year performance for the first half of the 2025 fiscal year on November 26, 2024. Shareholders and potential investors should carefully read the relevant announcements.
The announcement was made by Chairman and CEO, Wong Wai Sheung, who also reminded shareholders and investors to act prudently when trading company shares.
