CULTURECOM HOLD (00343) Issues Profit Warning, Expects Interim Loss to Widen Significantly to HK$26-36 Million

Stock News
2025/11/24

CULTURECOM HOLD (00343) announced that the Group is expected to record an unaudited loss of approximately HK$26 million to HK$36 million for the six-month period ending September 30, 2025, compared to a loss of about HK$11.6 million in the same period last year. The significant increase in losses is primarily attributed to impairment losses recognized on intangible assets and prepaid intangible asset deposits. This decision reflects management's conservative approach due to intense competition in the smart product market and the assessment that the timing for launching the company's Chinese-language smart products remains unfavorable.

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