Luk Fook Holdings (International) (HK:0590) has released an update.
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.
Luk Fook Holdings anticipates a significant profit drop of approximately 50% for the first half of FY2025, primarily due to increased gold hedging losses and a downturn in gold product sales. Excluding hedging losses, the profit decline would narrow to less than 30%. Investors are urged to exercise caution as these figures are based on unaudited accounts and subject to further review.
For further insights into HK:0590 stock, check out TipRanks’ Stock Analysis page.