Luk Fook Holdings (International) Limited (OTCMKTS:LKFLF – Get Rating) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 65,000 shares, a drop of 38.7% from the May 15th total of 106,000 shares. Based on an average daily trading volume, of 300 shares, the […]
Luk Fook Holdings (International) Limited (OTCMKTS:LKFLF – Get Rating) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 65,000 shares, a decline of 38.7% from the May 15th total of 106,000 shares. Based on an average daily volume of 300 […]
Jewellery giant Luk Fook Holdings says its interim net profit increased slightly by 0.6% year-over-year to $84 million USD (HK$658 million) for the six-month period ending September 30, mainly due to a recovery of retail business in Hong Kong, which was most notably offset by a 21% drop in wholesale revenue on mainland China. The retailing business remained the group's primary source of revenue, which benefited from declining gold prices and recovery of retail sentiment in some regions.
Jewellery giant Luk Fook Holdings says its interim net profit increased slightly by 0.6% year-over-year to $84 million USD (HK$658 million) for the six-month period ending September 30, mainly due to a recovery of retail business in Hong Kong, which was most notably offset by a 21% drop in wholesale revenue on mainland China. The retailing business remained the group's primary source of revenue, which benefited from declining gold prices and recovery of retail sentiment in some regions.