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Luk Fook Holdings (00590.HK) 4FQ Overall Retail Sales Value +19%, Same-Store Sales +33%
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Luk Fook Holdings (00590.HK) announced that in the fourth fiscal quarter, it sustained the strong growth momentum from the previous quarter, with overall retail sales value increasing by 19%, delivering a performance better than in the third quarter. Among them, retail revenue and same-store sales outperformed the first three quarters, rising by 36% and 33%, respectively. During the quarter, retail sales value, retail revenue and same-store sales in Hong Kong, Macau and overseas markets increased by 42%, 41% and 39%, respectively. Growth in the Hong Kong market was particularly significant, mainly benefiting from strong local demand, the price differential advantage between Hong Kong and Macau markets, and RMB appreciation, which drove growth in mainland tourist traffic and business volume. In the mainland market, overall retail sales value in the fourth quarter increased by 8% YoY. Retail revenue rose by 20% YoY despite a high base, outperforming previous quarters, while mainland e-commerce sales increased by 22%. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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