Chong Fai Jewel (08537) announced its interim performance for the six months ending September 30, 2024, with revenue of approximately 640...
According to the Intelligent Financial News APP, Chong Fai Jewel (08537) announced its interim performance for the six months ending September 30, 2024, with revenue of about 64 million Hong Kong dollars, a decrease of about 20.1% year-on-year. Net profit of 0.349 million Hong Kong dollars, a decrease of 71.85% year-on-year; earnings per share of 0.29 Hong Kong cents.
The announcement stated that the decrease in revenue is mainly due to a decrease in revenue of approximately 5.7 million Hong Kong dollars from gem-set jewelry products; and a decrease in revenue of about 23.2 million Hong Kong dollars from pure gold products; this decrease is partially offset by an increase of approximately 12.8 million Hong Kong dollars in revenue from trading in recycled gold products. The above decrease is mainly due to the continued weakness in the overall retail trade business in Hong Kong during the comparative period.