C WAN TONG YUAN (06966) Reports Interim Results with Shareholder Loss of HK$9.389 Million, Swinging from Profit to Loss Year-on-Year
Stock News
Aug 28, 2025
C WAN TONG YUAN (06966) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$11.066 million, representing a 54.15% decrease compared to the same period last year. The company reported a loss attributable to owners of HK$9.389 million, compared to a profit of HK$7.277 million in the corresponding period of the previous year. Loss per share was HK$0.009.
According to the announcement, the revenue decrease was primarily attributable to value-added tax on additional revaluation of funeral service income from previous periods, as well as a decline in cemetery plot selling prices and reduced demand for funeral services, which resulted in a HK$13 million reduction in revenue.
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