ORANGE SKY G H (01132) announced that the group expects to achieve net profit attributable to shareholders of not less than HK$125 million for the first half of 2025, compared to a net loss of HK$81 million for the first half of 2024.

The announcement stated that the net profit attributable to shareholders for the first half of 2025 was mainly due to the net impact of the following items: non-recurring net gains of approximately HK$19 million and HK$46 million respectively arising from the reversal of reinstatement cost provisions and lease modifications resulting from the termination of certain cinema leases in Hong Kong; non-recurring net gains of approximately HK$39 million arising from lease modifications of other cinemas; income tax credit of HK$33 million arising from the reversal of deferred tax liabilities due to the disposal of a property in Singapore; impairment losses on non-financial assets of HK$313 million were recognized in the same period of 2024, while no such impairment was recognized during the period; non-recurring net gains of HK$294 million were obtained from the disposal of the group's interest in a joint venture in the same period last year, while no such gains were obtained during the period; and the group's operating expenses decreased during the period due to cost reductions and short-term rental support.