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

Stock News05-06

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment