HK Movers | Chow Sang Sang Surges 24% After Positive Profit Forecast
Chow Sang Sang shares surged by 24% in Hong Kong after announcing a positive profit forecast, estimating mid-term profit attributable to shareholders from continuing operations to be approximately HK$900 million to HK$920 million.
According to the news, Chow Sang Sang issued a notice predicting the group's performance for the six months ending June 30, 2025. The profit attributable to shareholders from continuing operations is expected to be between HKD 900 million and HKD 920 million, compared to HKD 502 million for the same period in 2024.
During this period, the profit increase was driven by higher margins from gold products due to rising gold prices. The integration of retail networks and other cost control measures also contributed to the reduction in costs, facilitating the growth in profits.
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