FAMOUS TECH INT Issues Profit Warning, Projects Net Loss of Around HK$6.5 Million for the First Half

Stock News
08/18

FAMOUS TECH INT (08100) has announced that the group expects to record a net loss of approximately HK$6.5 million for the first half of 2026, compared with a net loss of approximately HK$6.3 million in the same period of 2025.

According to the announcement, the anticipated loss for the interim period is primarily attributable to the combined impact of several factors. First, the group's software business is expected to contribute a segment profit of around HK$3.3 million, down from approximately HK$5.5 million in the first half of 2025.

Second, the securities investment business is projected to post a segment profit of around HK$1.0 million, a turnaround from a loss of approximately HK$0.5 million in the prior-year period. This improvement is mainly driven by net realized and unrealized gains of approximately HK$1.0 million on financial assets measured at fair value through profit or loss, compared with a loss of about HK$0.5 million previously.

Third, the enterprise management solutions and information technology contract services segment is expected to record a segment loss of approximately HK$3.1 million, slightly narrower than the HK$3.2 million loss seen a year earlier. This is largely due to intense competition in the information technology industry, along with a goodwill impairment charge of HK$2.6 million, up from HK$2.3 million in the first half of 2025.

Fourth, the business-to-consumer online sales platform and business-to-business product trading operations are expected to generate a segment loss of approximately HK$0.3 million, compared with a loss of about HK$0.4 million in the prior year. Fifth, other corporate expenses are anticipated to rise modestly to roughly HK$7.6 million, up from HK$7.3 million in the first half of 2025.

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