Citychamp Watch & Jewellery Group Limited (CITYCHAMP) issued a positive profit alert, projecting profit attributable to owners of not less than HK$40.00 million for the six months ended 30 June 2026. The group recorded a HK$42.05 million loss in the corresponding period of 2025, indicating a turnaround of at least HK$82.05 million year on year.

Management attributes the profit improvement to three factors: 1) a substantial reduction in operating expenses within the watches, timepieces and accessories segment through enhanced operational efficiency; 2) higher contributions from the banking and financial services businesses; and 3) a one-off gain from the May 2026 disposal of 50% equity in Rotary Watch & Jewellery Limited.

The figures are based on unaudited management accounts and may be adjusted before the interim results are finalised. CITYCHAMP plans to release its full interim results for the six months ended 30 June 2026 on 28 August 2026. Shareholders and potential investors are advised to exercise caution when trading the company’s shares.