CNT GROUP Projects Narrowed Annual Loss for Shareholders

Stock News
02/06

CNT GROUP (00701) announced that the group anticipates its attributable loss to shareholders for the 2025 fiscal year will be between HKD 55 million and HKD 61 million. This represents a decrease of 21.0% to 29.0% compared to the previous year. The expected reduction in the attributable loss is primarily due to several key factors: (a) a significant increase in revenue, profit margin, and profit from the hotel segment, leading to higher divisional profit from hotel operations in the 2025 fiscal year compared to 2024. Consequently, no impairment provision for property, plant, and equipment related to the hotel business is expected for 2025, whereas an impairment provision of approximately HKD 15.5 million was recorded in the 2024 fiscal year; (b) a substantial increase in deferred taxes due to fair value losses on investment properties in Mainland China; and (c) a reduction in administrative expenses resulting from effective cost-saving measures implemented by the group during the 2025 fiscal year.

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