CULTURECOM HOLD (00343) Issues Profit Warning, Expects Interim Loss to Widen Significantly to HK$26-36 Million
Stock News
Nov 24, 2025
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.