Chow Tai Fook Jewellery Group Celebrates 95th Anniversary with Record Financial Performance

Chow Tai Fook Jewellery Group Limited reported a significant financial performance for the fiscal year ending March 31, 2024. Revenue surged by 14.8% to HK$108,713 million, with core operating profit increasing by 28.9% to HK$12,163 million. Return on equity improved by 820 basis points to 24.7%. These results underscore the Group's strategic focus on enhancing competitiveness and earnings quality.

Revenue from Hong Kong and Macau rose by 45.6% year-on-year, benefiting from the recovery in inbound tourism. Prudent capital management ensured strong liquidity and robust operating and free cash flows. The successful execution of the Group's five strategic priorities played a crucial role in this growth.

The unveiling of new consumer-facing logos, a brand website, and the CTF Rouge Collection were pivotal in bolstering brand desirability and customer engagement. These actions align with the Group's vision to be a trusted lifetime partner for every generation. Profit attributable to shareholders grew by 20.7% to HK$6,499 million, leading to a proposed final dividend of HK$0.30 per share.