CWT INT'L Announces Interim Results with 26% Drop in Net Profit

Stock News08-28

CWT INT'L (00521) has released its interim results for the six months ended June 30, 2026, reporting a group revenue of HK$23.16 billion, marking a 5.41% year-on-year increase. However, profit attributable to owners of the company declined to HK$209 million, reflecting a 26.05% decrease compared to the same period last year, with earnings per share coming in at 1.83 HK cents.

The company attributed the decline in net profit to several key factors. Notably, there was no tax credit recognized in the first half of 2026, whereas the logistics services segment had benefited from such a credit in the corresponding period of 2025. Additionally, the company recorded negative impacts from net exchange losses in the first half of 2026, in contrast to the net exchange gains achieved in the first half of 2025.

The reduction in contributions from freight logistics, financial services, and commodity logistics segments was partially offset by robust performance in commodity trading, driven by improved profit margins in the concentrate portfolio. This was further bolstered by enhanced contributions from warehousing and integrated logistics services, which helped mitigate the overall decline.

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