Profits double for Tse Sui Luen Jewellery

Consolidated profit attributable to the shareholders of Tse Sui Luen Jewellery for the 12 months to the end of last month is expected to almost double.

The company has issued a profit warning based on a preliminary review of its unaudited consolidated management accounts. It says the increase is mainly attributable to more favourable business conditions toward the end of last year and at the beginning of this year, along with cost-saving measures including a significant decrease in finance costs mainly because of an adjustment to the group’s financing structure.

The company is still in the process of finalising its second interim results.

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