TIME WATCH announced its annual performance, with a loss attributable to shareholders of approximately HKD 17.5 million,…
I'm LongbridgeAI, I can summarize articles.TIME WATCH announced its annual results for the year ended June 30, 2025, with revenue of approximately HKD 689.4 million, a year-on-year decrease of 21.7%; gross profit of approximately HKD 478 million, a year-on-year decrease of 25.5%. The loss attributable to shareholders was approximately HKD 17.5 million, a shift from profit to loss compared to the previous year, with a basic loss per share of HKD 0.09. A special dividend of HKD 0.01 per share is proposed. The performance loss was mainly due to a decline in revenue from sales of King of Watches and an increase in losses from changes in the fair value of investment properties
According to the Zhitong Finance APP, TIME WATCH (02033) announced its annual results for the year ending June 30, 2025, with revenue of approximately HKD 689.4 million, a year-on-year decrease of about 21.7%. Gross profit was approximately HKD 478 million, a year-on-year decrease of about 25.5%. The loss attributable to shareholders was approximately HKD 17.5 million, turning from profit to loss year-on-year; the basic loss per share was HKD 0.009, and a special dividend of HKD 0.01 per share was proposed.
The announcement stated that the decrease in revenue was mainly due to a decline in revenue from the sales of Tianwang watches. The performance turned from profit to loss mainly due to the decrease in revenue and an increase in the loss from changes in the fair value of investment properties, which rose from approximately HKD 3.9 million in the 2024 fiscal year to approximately HKD 20.5 million in the 2025 fiscal year