Shares of CSC DEVELOPMENT (00830) plummeted 8.70% in intraday trading on Tuesday, following the release of the company's disappointing interim results for the first half of 2025. The significant drop came after the stock had already slid nearly 2% earlier in the day, indicating investors' negative sentiment towards the company's financial performance.

According to the interim report, CSC DEVELOPMENT recorded a sharp decline in both revenue and profit. The group's revenue fell to HK$3.338 billion, representing a substantial year-on-year decrease of 29.31%. More critically, profit attributable to shareholders plunged to HK$386 million, down 29.85% compared to the same period last year. Basic earnings per share also declined to HK$0.1712 from HK$0.2441 in the previous year.

Despite the poor financial results, the company declared an interim dividend of HK5.0 cents per ordinary share, which may offer some consolation to shareholders. CSC DEVELOPMENT stated that it continues to focus on its core curtain wall business and is implementing strategies to reduce costs and enhance efficiency in response to downward market pressures. However, the significant drop in stock price suggests that investors remain skeptical about the company's near-term prospects in the face of challenging market conditions.