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Emperor Watch & Jewellery ( (HK:0887) ) just unveiled an announcement.
Emperor Watch & Jewellery Limited reported an 8.4% increase in total revenue to HK$5,230.3 million for the year ending December 2024, despite market uncertainties and weak consumer sentiment. The jewellery segment saw significant growth, increasing by 41% due to higher gold product sales, while the watch segment experienced a decline. The company’s net profit fell by 14% to HK$256.7 million, and dividends per share decreased. Market challenges included geopolitical tensions and a strong Hong Kong dollar affecting consumer behavior.
More about Emperor Watch & Jewellery
Emperor Watch & Jewellery Limited is a leading retailer specializing in European-made watches and its own brand of jewellery, ‘Emperor Jewellery.’ The company, listed on the Hong Kong Stock Exchange since 2008, operates a retail network across Hong Kong, Macau, Mainland China, Singapore, and Malaysia, along with several online platforms. It targets middle to high-income customers globally, focusing on maintaining its leadership in Greater China and expanding beyond the region.
YTD Price Performance: 10.0%
Average Trading Volume: 560,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $168.1M
See more insights into 0887 stock on TipRanks’ Stock Analysis page.