Laopu Gold Forecasts Net Profit to More Than Triple in 2025
MT Newswires Live13:04
Laopu Gold (HKG:6181) expects net profit of between 4.80 billion yuan and 4.90 billion yuan for 2025, representing an increase of about 226% to 233% from a year earlier, according to a Wednesday Hong Kong bourse filing.
Revenue is expected to reach between 27 billion yuan and 28 billion yuan, up about 217% to 229% from 2024.
The gold jewelry manufacturer said the strong performance was driven by expanding brand influence, continued product upgrades, and higher sales from both online and offline boutiques, as well as the opening of 10 new stores and the expansion of nine boutiques during the year.
Laopu Gold shares gained 4% in afternoon trading.
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