Emperor Watch & Jewellery Posts 60% Mid-Year Profit Growth, Stock Up 11.8%

According to its profit guidance released on July 22, Emperor Watch & Jewellery (00887) expects mid-term net profit of no less than HK$310 million for the period ending June 30, representing a year-on-year increase of approximately 60%, driven by strong overall sales and rising gross margins. As of 9:58 a.m., the stock rose 11.8% to HK$0.285, with intraday highs reaching HK$0.32, up 25.5%.
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