Chow Tai Fook Jewellery Reports Resilient Operating Profit as it Grows to HK$6.8 billion in 1HFY2025 Amid Challenging Market Environment [Yahoo! Finance]
CHOW TAI FOOK JEWELRY ADR (CJEWY)
NASDAQ:AMEX Investor Relations:
corporate.chowtaifook.com/en/ir/reports.php
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Source: Yahoo! Finance
the "Company"; SEHK stock code: 1929), today announces its interim results for the six months ended 30 September 2024 ("1HFY2025"). Results Highlights Our brand transformation journey, aimed at elevating brand desirability, gained strong momentum during the first half of FY2025 ("1HFY2025"). The Group's operating profit grew 4.0% to HK$6,776 million with a 400-basis-point expansion in operating profit margin to 17.2%. Coupled with the benefits from the gold price increase, gross profit margin improved considerably by 650 basis points to 31.4% during the period. Yet, in face of the challenging market environment, our revenue decreased 20.4% to HK$39,408 million in 1HFY2025 The use of exquisite craftsmanship with a meticulous blend of different precious materials in our fixed-price gold jewellery sustained good sales momentum and traction with customers in 1HFY2025. During the period, we launched various product offerings of different value propositions to meet customer preference
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