Hong Kong jeweller Tse Sui Luen Jewellery (TSL) has issued a positive profit alert, projecting a significant financial turnaround for the financial year ended 31 March 2026. According to the company’s preliminary assessment, the group expects to record a net profit of no less than HK$100 million. This marks a substantial recovery compared to the hefty loss of approximately HK$197.8 million reported in the previous fiscal year.
Management attributed the successful turnaround to several key strategic drivers, including the implementation of business transformation initiatives. TSL experienced improved same-store sales performance alongside higher profit contributions from its mainland Chinese franchise network. Additionally, the group benefited from streamlined operating models, which led to a notable decrease in selling, distribution, and administrative expenses.
External economic factors also played a supportive role. Despite initial revenue drops during the first half of the year as buyers adjusted to skyrocketing gold prices, a subsequent rebound in consumer spending cushioned the business. Favourable global shifts, such as rising gold values and lower US federal funds rates, further boosted results.
The figures remain unaudited and are subject to minor adjustments. TSL expects to release its finalised full-year audited results by the end of June 2026. (Photo courtesy: TSL)
17-08-2026
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