CNT GROUP issues a profit warning, expecting a mid-term loss attributable to shareholders of HKD 36 million to HKD 40 million
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CNT GROUP issued a profit warning, expecting a shareholder loss of HKD 36 million to 40 million for the period ending June 2025, a significant increase compared to HKD 13.5 million for the same period in 2024. The losses are mainly due to increased fair value losses on investment properties, unrecovered litigation costs, and losses from non-wholly-owned subsidiaries. Nevertheless, these losses are of a non-cash nature and have no impact on the group's operating cash flow, with the overall financial condition remaining robust
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