Demand for gold in China lifts profit at jeweller Chow Tai Fook

Hong Kong

CHOW Tai Fook Jewellery Group Ltd's profit increased for a second consecutive six-month period as demand for gold products lifted sales at the world's leading jewellery retailer.

Shares jumped after the company reported on Tuesday that net income rose 46 per cent to HK$1.78 billion (S$308.78 million) in the six months through September. The stock closed 2.84 per cent higher at HK$9.05 in Hong Kong on Wednesday.