Jewellery firms shrug off profit falls

Shares of jewellery retailers in Hong Kong leapt yesterday on a rebound in sales this month, despite net profit tumbling by as much as a third for the six months to September 30.

Luk Fook jumped 10.23 per cent to HK$23.15, while Chow Tai Fook Jewellery rose 5.4 per cent to HK$10.86, regardless of big drops in earnings and disappointing retail sales in the city last month.

via Business feed http://www.scmp.com/business/companies/article/1094134/jewellery-firms-shrug-profit-falls