Chow Tai Fook Jewellery Reports Resilient Operating Profit Despite Revenue Drop

Chow Tai Fook Jewellery Group Limited announced its interim results for 1HFY2025, reporting an operating profit increase of 4.0% to HK$6.8 billion, despite a 20.4% decline in revenue to HK$39.4 billion. The challenging market conditions were attributed to macroeconomic and gold price volatility.

The company's focus on brand transformation and craftsmanship contributed to a significant improvement in the gross profit margin, which rose by 650 basis points to 31.4%. Meanwhile, the CTF Rouge Collection achieved notable success, surpassing HK$1.5 billion in retail sales since its launch.

Chow Tai Fook maintained its strategic commitment to stakeholders, proposing an interim dividend of HK$0.20 per share and a share buy-back not exceeding HK$2 billion. Despite the decline in revenue, the company remains confident in its long-term growth prospects.