CHOW TAI FOOK Issues Positive Profit Alert, Anticipates 45-55% Surge in Annual Net Profit

Stock News
05/06

CHOW TAI FOOK (01929) announced that the group's net profit for the fiscal year ending March 31, 2026, is projected to increase by approximately 45% to 55% compared to the previous year. This expected growth is primarily attributed to two key factors: (a) a rise in gold prices and a more favorable sales mix in retail operations and priced jewelry, leading to an improvement in gross profit margin; and (b) operational leverage achieved through stringent cost management measures.

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