Century Entertainment International Holdings Limited (959) released a positive profit alert, indicating that based on preliminary assessments of its unaudited condensed consolidated management accounts for the six months ended 30 September 2025 (the “Interim Period”), the Group is on track to record a profit attributable to owners of not less than HK$25 million. This marks a turnaround from a loss of approximately HK$11.4 million for the six months ended 30 September 2024.
The Group attributes the expected improvements primarily to the performance of two newly operating subsidiaries. One subsidiary engages in an online technology-based gaming business in Manila, the Republic of the Philippines, and the other operates a camellia oil business in Guangdong Province, the People’s Republic of China. Both have commenced operations during the Interim Period and contributed gross profit.
The Group also recorded a one-off income of approximately HK$30 million stemming from the reversal of an expected credit loss. This followed a settlement agreement executed on 2 July 2025 with a former shareholder, enabling the offset of the Group’s receivables and payables with that individual.
Additionally, the Group’s termination of a VIP room agreement in the Kingdom of Cambodia in April 2025 resulted in a net gain of approximately HK$1.1 million from the derecognition of associated right-of-use assets and lease liabilities.
The interim results of the Group for the Interim Period are slated for official publication in late November 2025. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.