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EMPEROR WATCH&J: 2024 Interim Report
A difficult Q2 report card for luxury goods: zero revenue growth, price increases and promotions together, with Hermès "holding up the roof".
Bank of America Merrill Lynch stated that the second-quarter weighted average income of the luxury goods industry recorded zero growth, the lowest in fifteen quarters, and also showed trends such as brand polarization, negative growth in hard luxury income, and deteriorating demand in the USA.
Emperor watch&j (00887.HK) mid-term total revenue increased by 11.5% to 2.597 billion Hong Kong dollars.
Emperor Watch&J (00887.HK) announced its interim performance for 2024, despite the challenging business environment, the group's total revenue for the period increased by 11.5% to 2.597 billion Hong Kong dollars. The group's net income for the period remained roughly flat at 0.185 billion Hong Kong dollars (2023: 0.186 billion Hong Kong dollars). Basic earnings per share were 2.72 Hong Kong cents (2023: 2.74 Hong Kong cents). The board of directors declared an interim dividend of 0.65 Hong Kong cents per share (2023: 0.76 Hong Kong cents). The group's retail network covers Hong Kong, Macau, mainland China, Singapore, and Malaysia.
Emperor Watch&J (00887) announced its interim performance with a net income of 0.185 billion Hong Kong dollars, a decrease of 0.5% year-on-year, and a dividend of 0.65 Hong Kong cents per share.
Emperor Watch & J (00887) announced its mid-term performance for 2024, with revenue of HKD 2.597 billion, a year-on-year increase...
Express News | Emperor Watch & Jewellery - Hy Net Profit HK$186 Mln
Express News | Emperor Watch & Jewellery Ltd - Interim Dividend of HK0.65 Cent per Share
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hh488 : Wasn't it's results good? How come share price so low one? How did it compare with Oriental watch etc?