Tse Sui Luen Jewellery (00417.HK): Positive Profit Alert, Expected Annual Profit of Not Less Than HK$100 Million
NewTimeSpace News: On 18 June 2026, Tse Sui Luen Jewellery (00417.HK) released a positive profit alert. Based on the Board’s preliminary review of the Group’s latest unaudited consolidated management accounts for the year ended 31 March 2026, the Group is projected to achieve a profit of no less than HK$100 million for the current year, as opposed to a loss of around HK$198 million registered in the year ended 31 March 2025.
The Board attributes the turnaround from loss to profit primarily to the Group’s successful implementation of business transformation strategies, including improved same-store sales and higher profit contribution from its franchising business in mainland China. Effective cost optimisation initiatives have driven down selling, distribution and administrative expenses as well as restructuring costs. Favorable shifts in global economic factors such as rising gold prices and declining interest rates, together with lower non-cash impairment provisions for retail store-related assets, also contributed to the profitability improvement.
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