Chow Tai Fook Jewellery Celebrates 95th Anniversary with Record High Revenue and Core Operating Profit for FY2024

Chow Tai Fook Jewellery Group Limited announced a significant year in its fiscal 2024 results, marked by a 14.8% increase in revenue to HK$108,713 million and a 28.9% rise in core operating profit to HK$12,163 million. Despite macroeconomic uncertainties, the company reported an 820 basis point improvement in return on equity, reaching 24.7%.

Improvements were observed across all markets, with revenue from Hong Kong, Macau, and other regions climbing 45.6% year-on-year due to a recovery in inbound tourism. The Group's strong liquidity and net cash position emphasized its prudent capital management.

The company’s efforts in brand transformation included new logos, an enhanced website, and the introduction of the CTF Rouge Collection. These initiatives significantly elevated brand desirability and customer experience.

In FY2024, profit attributable to shareholders grew 20.7% to HK$6,499 million. Earnings per share rose to HK$0.65, with the Board proposing a final dividend of HK$0.30 per share.

Chairman Dr. Henry Cheng emphasized the Group's commitment to future growth and competitiveness as it looks forward to its 100th anniversary.