CPM GROUP issues a profit warning, expecting a loss attributable to shareholders of approximately HKD 28 million to HKD 32 million in the first half of the year
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CPM GROUP expects a shareholder loss of approximately HKD 28 million to 32 million in the first half of 2025, a significant increase compared to HKD 15 million in the same period of 2024. The loss is mainly due to a decline in sales revenue from paint and coating products, affected by the economic slowdown in mainland China and Hong Kong, a weak real estate market, and intensified industry competition. In addition, the group's investment properties in mainland China also experienced fair value losses
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