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TSE SUI LUEN: INTERIM REPORT 2024/2025
Tse Sui Luen Jewellery (International) Expects H1 Loss to Shrink; Shares Slide 7%
In the performance, tse sui luen (00417.HK) narrowed its half-year loss to 43.79 million yuan.
tse sui luen (00417.HK) announced its interim results for the six months ending in September, reporting a revenue of 0.864 billion yuan, a year-on-year decline of 35.8%. The loss narrowed from 58.19 million yuan in the same period last year to 43.79 million yuan, resulting in a loss per share of 17.6 cents. No interim dividend will be declared.
TSE SUI LUEN: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
PwC predicts that china's luxury goods market will leap to the top of the global ranking by 2030.
PwC predicts that by 2030, China will become the world's largest individual luxury goods market with a market size of $148 billion. Intergenerational wealth transfer, new customer development, the rise of experiential luxury goods, hainan's high growth potential, and the improvement of online and offline services will all drive this growth.
Bvlgari CEO: The luxury goods market in China is expected to recover within two years.
Bvlgari CEO Jean-Christophe Babin stated that with the rebound of the Chinese economy, the Chinese luxury goods market may recover within the next 24 months.
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