CENTURY C INT'L expects a mid-term comprehensive loss of approximately 383 million yuan

CENTURY C INT'L (00355.HK) announced that for the six months ending June 30, 2025, the group is expected to record a consolidated loss attributable to shareholders of approximately HKD 383 million, compared to a loss of HKD 422.6 million for the same period last year.

For the mid-2025 period, the group is expected to achieve a gross profit of approximately HKD 403 million (2024: HKD 412.3 million). After accounting for a fair value loss on investment properties and an impairment loss on properties held for sale of approximately HKD 201 million, as well as various administrative and other expenses, the group is expected to record an operating loss before depreciation, financing costs, and taxes of approximately HKD 15 million (2024: profit of HKD 87.3 million).

After further accounting for the financing costs and depreciation expenses incurred by the group's hotel properties in Hong Kong, the group is expected to report a consolidated loss of approximately HKD 383 million for the mid-2025 period