CSC Holdings Issues Profit Warning, Anticipates Up to HK$15 Million Loss for FY2025

Stock News03-20

CSC HOLDINGS (00235) announced that the group expects to record a loss attributable to company owners of not more than HK$15 million for the 2025 fiscal year. This compares to a profit of approximately HK$5 million achieved in the 2024 fiscal year. The information in the announcement is based solely on a preliminary assessment by the board of directors of the group's unaudited management accounts for the 2025 fiscal year and has not been reviewed or audited by the company's auditors. The estimated loss for the 2025 fiscal year may be adjusted based on the provision for expected credit losses on the group's loan receivables, which is currently being finalized. However, the estimated loss for the 2025 fiscal year mentioned above does not yet include the impact from the share of results of an associate company, which is still under assessment. If the share of results from this associate has any material impact on the estimated loss for the 2025 fiscal year, the group will issue a further announcement as soon as possible.

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