Emperor Watch&Jewellery (00887.HK) announced on August 21 that its mid-term performance in 2024, despite the challenging business environment, saw a 11.5% increase in total revenue to HKD 2.597 billion. The group's net income during this period remained roughly flat at HKD 0.185 billion (2023: HKD 0.186 billion). Basic earnings per share were 2.72 HK cents (2023: 2.74 HK cents). The board of directors declared a interim dividend of 0.65 HK cents per share (2023: 0.76 HK cents).
The group's retail network covers Hong Kong, Macau, Mainland China, Singapore, and Malaysia, and also operates several online shopping platforms. With a history of over 80 years, the group represents a balanced and comprehensive range of watch brands. The target customer base consists of middle to high-income individuals around the world. The group's core strategy is to maintain its position as a leading watch and jewellery retail group in Greater China, while also expanding its business beyond the Greater China region.
