Chow Tai Fook H1 profit falls 42% due to China Slowdown

Chow Tai Fook Jewellery Group Ltd, China's largest jewellery retailer by market value, said its first-half net profit fell 42 per cent on the back of sluggish spending in Hong Kong and Macau, and disappointing sales of gold products. Earlier this month, it had flagged that it expected first-half net profit to drop by up to 50 per cent due to subdued spending in Hong Kong and Macau.....Read More