CON AERO TECH (Continental Aerospace Technologies Holding Limited) disclosed an updated profit warning on 13 August 2026, indicating it now expects to post a loss after tax of no more than HK$105.00 million for the six months ended 30 June 2026, versus a profit after tax of approximately HK$64.00 million in the prior-year period.
The revised guidance widens the anticipated shortfall from the HK$70.00 million maximum loss cited in the 7 August 2026 profit warning. Management attributes the additional HK$35.00 million deterioration primarily to a HK$38.00 million provision for an estimated loss on re-measurement of assets held for sale related to a property disposal, recorded on a conservative basis under HKFRS.
The interim figures remain unaudited and subject to further adjustment as external auditors continue their review. The company plans to release its full interim results later today.
CON AERO TECH is currently subject to an offer period under Hong Kong’s Takeovers Code, and the updated profit warning qualifies as a profit forecast under Rule 10 of the code. As the disclosure was made under tight time constraints, it has not yet been reported on by the company’s financial adviser or auditors, and therefore does not meet Rule 10’s reporting standards.
Shareholders and potential investors are urged to exercise caution when dealing in the company’s shares pending publication of the reviewed interim results.
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