Summary by Futu AI
Luk Fook Holdings (International) Limited announced a positive profit forecast on June 24, 2024, expecting a net profit of more than HKD 1.7 billion for the fiscal year 2024, an increase of about 30% to 40% compared to the previous year. This forecast is based on the preliminary review of unaudited comprehensive management account draft, taking into account the continuous improvement of retail atmosphere in Hong Kong Special Administrative Region, Macau Special Administrative Region and Mainland China since the customs clearance at the beginning of last year, as well as one-time valuation gains of about HKD 200 million after the acquisition of Hong Kong Resources Holdings Limited. The company's board of directors reminds shareholders and potential investors that the above financial data may be adjusted after further review, and recommends careful reading of the full-year performance announcement to be published on June 28, 2024. Shareholders and potential investors should exercise caution when trading shares.