Brief News: Gold prices rise, sales strategy effective, LUK FOOK HOLD forecasts a 50% increase in interim profits
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LUK FOOK HOLD issued a profit warning, expecting mid-term revenue for the period ending September to increase by 20% to 30% year-on-year, with profit surging by 40% to 50%. Last year's mid-term revenue was HKD 5.45 billion, with a profit of HKD 417 million. This year, revenue is expected to be between HKD 6.54 billion and HKD 7.09 billion, with profit between HKD 580 million and HKD 675 million. The revenue increase is attributed to successful product differentiation and sales strategies, while the profit increase benefits from rising gold prices and improved operational leverage. LUK FOOK's stock price has risen 74% this year
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