STOCKS | Luk Fook Q1 Retail Sales Rise 32% As Gold Demand Surges

Luk Fook Group said first-quarter retail sales for the fiscal year ending March 31, 2027 continued the strong growth momentum from the previous year, with overall retail value, retail revenue and same-store sales all rising from a year earlier, according to Ming Pao reported. The group said overall retail value climbed 32% year on year, retail revenue rose 43% and same-store sales increased 39%. The retail value contribution from gold and platinum products also rose 6 percentage points to 82%, as sales of investment gold products grew sharply.