27-11-2018
Tse Sui Luen (TSL)’s sales moved upward by 10.2 percent to HK$1.91 billion in the last financial year, sales in Hong Kong and Macau climbed 13 percent to HK$712.2 million and grew 9 percent to HK$1.17 billion in mainland China. Despite the sales uptick, the unknown impact of the US-China trade war still rings the jewellery retailer’s alarm bell as there was a loss of HK$103.1 million, compared with the growth of HK$ 87.7 million in last year owing to currency fluctuation.
Chairwoman Annie Yau said the improved sales were buoyed by a better consumer sentiment of local customers and growth in mainland tourists. However, the recent trade dispute between China and the United States has cast some doubts on the economic outlook for both the global and local economies going forward. It is still too early to conclude the actual impact on the group’s performance. TSL will take a cautiously optimistic approach in their major operating regions, namely Hong Kong and Mainland China.
TSL which specialises in making a 0.3 carat diamond look like half a carat will adjust pricing and use product designs to fit the appetite of our customers to boost sales also continue focusing on smaller diamonds.
← Back