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Hong Kong jeweller Chow Tai Fook Jewellery Group said profits rose in the first half of its fiscal year ending September 30, 2021 on the back of resilient demand for gold jewellery alongside rapid business expansion in mainland China.
Profit attributable to shareholders jumped 60.4 per cent to HK$3.58 billion (around US$460 million) while revenues were up 79.1 per cent to HK$44.18 billion (around US$5.67 billion).
Demand for gold jewellery remained strong during the period in review, buoyed by the continued popularity of product offerings aimed at a younger clientele such as the CTF • HUÁ Collection as well as a relatively...
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