CITYCHAMP (00256) Issues Profit Warning, Expects Interim Shareholders' Loss of Approximately HK$40 Million
Stock News
Aug 22
CITYCHAMP (00256) announced that the group expects to record a loss attributable to owners of the company of approximately HK$40 million for the six months ended June 30, 2025, compared to a profit attributable to owners of the company of approximately HK$7.024 million for the six months ended June 30, 2024. The board of directors believes that the aforementioned loss is mainly due to continued weak demand for non-essential goods during the current period of challenging economic conditions. Of this amount, approximately HK$30 million represents depreciation of fixed assets, which is non-cash in nature.
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