The board of directors of Chow Tai Fook Jewellery Group Ltd. announced to the shareholders of the company and potential investors that, the net profit of the Group for the six months ended September 30, 2015 is expected to decrease by about 40-50% as compared to that of the corresponding period in the last year. The decrease is mainly attributable to (a) the year-on- year decline in revenue brought about by weak consumer sentiment in Hong Kong and Macau; and (b) the reduced gross profit margin, which is due to i) the change in the product mix with increased sale of gold products and ii) the unrealised hedging loss on gold loans for the Period while it was an unrealised hedging gain in the same period last year.