Chong Fai Jewel Issues Positive Profit Alert, Anticipates Annual Net Profit Surge to Approximately HK$16 Million

Stock News06-26

Chong Fai Jewel (08537) has announced a positive profit alert. Based on a preliminary review and analysis of the Group's data, including unaudited consolidated management accounts for the year ending March 31, 2026, the Group expects to record a net profit of approximately HK$16 million for that period. This represents a significant increase compared to the net profit of about HK$500,000 achieved in the previous year ending March 31, 2025.

The anticipated growth is primarily attributed to a recovery in the Hong Kong retail market, a surge in gold prices, and increased sales of priced jewelry products during the period. These factors have collectively had a positive impact on the Group's sales and operating revenue.

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