Friday, 27th August 2004 (4526 views)

Jeweller Chow Sang Sang has seen a 258 per cent surge in first-half profit to HK$86 million as the retail industry enjoys a period of sustained growth.

Boosted by an upturn in tourism, the figures suggest that the jewellery sector in the region is starting to prosper.

Chow Sang Sang said that in July the momentum had continued, with a 30 per cent increase in sales.

Turnover at the firm rose 60 per cent to HK$4.25 billion, providing a boost for group general manager Vincent Chow.

Mr Chow told The Standard that the company was now planning to spend HK$3 million doing up its stores, as well as opening a number of new branches.

 

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