LUK FOOK HOLD (00590) surged 8.04% during intraday trading on Monday, reflecting strong investor confidence following the release of its interim results.
The company reported a 25.6% year-on-year increase in revenue to HK$6.843 billion and a 42.5% rise in profit attributable to equity holders to HK$619 million. The gross margin expanded to a record high of 34.7%, driven by higher gold prices and an improved sales mix of higher-margin jewelry. Operating profit margin also rose to 11.4%, contributing to the stock's upward movement.
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