CSC HOLDINGS (00235) Issues Profit Warning, Expects Interim Shareholder Loss Not Exceeding HK$13 Million

Stock News
Aug 21

CSC HOLDINGS (00235) announced that compared to the approximately HK$2 million loss recorded in the first half of 2024, the group anticipates a loss attributable to owners of the company not exceeding HK$13 million for the first half of 2025. The increased loss is primarily attributed to the combined impact of (i) increased impairment provision for loans receivable to approximately HK$10 million (first half of 2024: HK$3 million); (ii) decreased bank interest income to approximately HK$15 million (first half of 2024: HK$20 million); and (iii) reduced staff costs to approximately HK$18 million (first half of 2024: HK$20 million).

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