[ET Net News Agency, 17 October 2019] Luk Fook Holdings (International) Limited (00590)
announced the sales performance of retail business of the group's self-operated shops for
the second quarter (2Q) of financial year ending 31 March 2020 (FY2020) covering the
period from 1 July 2019 to 30 September 2019.
With a relatively higher base, strong gold price, and the continuing impact of social
incidents in Hong Kong and US-China trade war on market sentiment, the SSSG of the group's
retail business for 2Q FY2020 was -37%. The overall SSSG of gold products and gem-set
jewellery products were -43% and -25% respectively. Attributed by the highest base month
in 2Q, August was the worst performing month for the overall SSSG of both mainland China
and Hong Kong & Macau markets. (RC)