Emperor Watch & Jewellery ( (EPRJF) ) has released its Q4 earnings. Here is a breakdown of the information Emperor Watch & Jewellery presented to its investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Emperor Watch & Jewellery Limited is a Hong Kong-based company specializing in the retail of luxury watches and jewelry, with a strong presence in Greater China and expanding into Southeast Asia. In its latest earnings report for the year ending December 2024, the company reported an 8.4% increase in total revenue to HK$5,230 million, despite facing market uncertainties and weak consumer sentiment. However, the net profit decreased by 14% to HK$257 million, reflecting challenges in maintaining profitability. Key highlights include a significant rise in jewelry sales by 41%, driven by gold products, while watch sales saw a decline. The company maintains a strong financial position with no bank borrowings and a healthy cash reserve. Looking forward, Emperor Watch & Jewellery remains optimistic about the retail market’s recovery, driven by increased consumer spending and strategic expansions, while focusing on enhancing its product offerings and market presence.