Luk Fook Holdings (International) Limited provided consolidated earnings guidance for the six months ended 30 September 2023. for the six months, the company expects Group expects its revenue and profit to increase by over 30% and over 40% respectively as compared to that of the corresponding period last year. The Board considers that this is mainly attributable to continuous improvement in sentiment in the retail markets of Hong Kong SAR, China1 and Macau SAR, China2 following the full reopening of borders amongst Hong Kong, Macau and Mainland China.

Coupled with favourable gold sales, the Group's retailing business has returned to normalcy. The Group's performance was further enhanced by a higher overall gross margin due to much increased mix of retailing revenue and improved total operating expenses to revenue ratio.