Luk Fook Holdings Warns of Profit Decline

Luk Fook Holdings (International) (HK:0590) has released an update.

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.

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