TIME WATCH issued a profit warning, expecting an annual loss attributable to shareholders of HKD 17 million, a year-on-year turnaround from profit to loss
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TIME WATCH issued a profit warning, expecting a loss of approximately HKD 17 million in the fiscal year 2025, while achieving a profit of approximately HKD 33.6 million in the fiscal year 2024. The loss is mainly due to a revenue decrease of about 22%, affected by global trade frictions, which have led to a decline in consumer sentiment in the Chinese retail market, subsequently impacting economic and employment growth. In addition, the weak property markets in Hong Kong and mainland China have resulted in fair value losses on investment properties
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