Summary by Moomoo AI
For the six months ended 30 September 2024, Chow Tai Fook's revenue fell 20.4% year-on-year to HK$39408 million, mainly affected by macroeconomic factors and gold price volatility. However, the gross margin increased 650 basis points to 31.4%, operating profit reached HK$6776 million and the operating profit margin increased to 17.2%. Earnings per share were HK$0.25 and the Board of Directors declared an interim dividend of HK$0.20 per share.Management noted that brand transformation and product optimization strategies have been positively effective, especially in terms of sales of priced gold products. Despite weak market demand, Chow Tai ?$#@$ remains focused on improving profitability and has opened its first brand new concept store in central Hong Kong to further enhance the brand's appeal. In the...Show More