C-LINK SQ issued a profit warning, expecting a mid-term net comprehensive loss attributable to shareholders of approximately 167 million Malaysian Ringgit
C-LINK SQ issued a profit warning, expecting to record a consolidated net loss of approximately 167 million Malaysian Ringgit in the first half of 2025, while achieving a consolidated net profit of approximately 1.1 million Malaysian Ringgit in the six months ending June 30, 2024. The loss is primarily due to the impairment of goodwill for cash-generating units providing internet hospital and physical outpatient services in China, with an impairment amount of approximately 165.9 million Malaysian Ringgit, based on preliminary valuation results from an independent appraiser
According to the Zhitong Finance APP, C-LINK SQ (01463) announced that the group expects to incur a consolidated net loss attributable to owners of approximately MYR 167 million in the first half of 2025, while for the six months ending June 30, 2024, it expects to achieve a consolidated net profit attributable to owners of approximately MYR 1.1 million.
The expected consolidated net loss attributable to owners is mainly due to an impairment loss of goodwill of approximately MYR 165.9 million from the group's cash-generating units primarily engaged in providing internet hospital and physical outpatient services in China in the first half of 2025, referencing a preliminary independent valuation conducted by an independent valuer recently provided
