Revenues at Chow Tai Fook up 26% in Q3

At the close of its third fiscal quarter of 2014, Chow Tai Fook Jewellery Group Ltd. recorded 26 percent revenue increase, which it attributes to new store openings and increased sales of gem sets and higher volume growth, reports suggest.

The retail giant’s same-store sales rose 11 percent.

Region-wise, its sales in China were up 34 percent, while in Hong Kong and Macau it was up 18 percent. Its gold products made for 57 percent of total sales, reports say.