Chow Tai Fook posts advancement in 2Q identical-retailer sales

Chow Tai Fook claimed ongoing potent growth in very same-store gross sales for 2Q21, though momentum has slowed from previously this 12 months.

The Hong Kong-listed jewellry business mentioned same shop gross sales in Mainland China in the three months to end-September acquired 23 per cent, whilst individuals in Hong Kong ended up up 35 percent. Profits in Macau in the interval surged 232.5 per cent from the exact same period a yr earlier, reflecting sturdy tourism shelling out soon after the border reopened.

Gold jewellry and gold merchandise had been in individual desire, up 48.9 p.c in Mainland China and doubling in Macau and Hong Kong combined.

The group mentioned retail gross sales worth was up 55.8 percent as it added new retailers during the 12 months.

Chow Tai Fook only gave share movements in its operational data update.

Chow Tai Fook Enterprises is a spouse in the Far East Consortium, which is producing the Queen’s Wharf task in Brisbane, Australia. One particular of its units is also included in the Suncity Holding’s Hoiana resort in Vietnam.