Chow Sang Sang Reports 16% Increase in Retail Sales for Second Quarter

Stock News07-17 18:00

Chow Sang Sang has announced its quarterly results, revealing a significant rise in retail sales for the period ending June 30.

The group's retail sales value for the three-month period, which represents the second quarter, increased by 16% compared to the same period last year.

Both the Mainland China and the Hong Kong and Macau markets achieved positive same-store sales growth during this quarter.

Demand for gold jewelry demonstrated resilience in the face of fluctuating gold prices, and the company's diverse product portfolio, which includes several iconic collections, continued to enjoy strong market appeal.

The group is also progressing with the optimization of its retail network, aiming to enhance overall operational efficiency through store upgrades, strategic closures, and the opening of new locations.

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