C-Link Squared (HKG:1463) expects an attributable loss of 167.1 million ringgit in the first half of 2025, compared with an attributable profit of 1.1 million ringgit a year prior, a late Thursday Hong Kong bourse filing said.

Shares of the IT service manager were down 2% in Friday afternoon trading.

The firm attributed the forecast to an impairment loss of goodwill related to a unit engaged in the provision of internet hospital and brick-and-mortar clinical services in China.