BUZZ-HK jeweller Luk Fook hits 5-mth peak on robust results, higher dividend

Reuters2023-11-30

** Shares of Hong Kong jewellery chain operator Luk Fook Holdings (International) Ltd jump 9.6% to HK$22.25, their highest since June 28

** Stock on track for the biggest one-day pct rise since Jan. 4 if trend holds; fourth biggest pct gainer in Hang Seng Composite Index

** Co said its first half net profit for six months ended in September rose 43.3% YoY to HK$942.7 mln ($120.74 mln) with revenue up 34.3% YoY to HK$7.49 bln

** Co declares an interim dividend of HK$0.72 per share to shareholders, as compared to HK$0.55 in a year ago period

** Bigger rival Chow Tak Fook Jewellery gains 0.9%

** Hang Seng Composite Index eases 0.4%, while Hang Seng Consumption Index and Hang Seng Index both slip 0.3%

** Luk Fook shares down 6.3% YTD

($1 = 7.8079 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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