FAMOUS TECH INT (08100) Issues Profit Warning, Expects Interim Pre-Tax Loss of Up to HK$6 Million, Turning from Profit to Loss YoY

Stock News
Aug 18

FAMOUS TECH INT (08100) announced that the group expects to record a pre-tax loss of not more than HK$6 million for the six months ended June 30, 2025 (2025 interim period), compared to a pre-tax profit of approximately HK$1.4 million for the six months ended June 30, 2024 (2024 interim period). The expected loss for the 2025 interim period is mainly attributable to the combined impact of the following: the group's software business achieved a segment profit of approximately HK$5.5 million (2024 interim: profit of approximately HK$5.7 million); the group's securities investment business recorded a segment loss of approximately HK$0.5 million (2024 interim: profit of approximately HK$2.5 million), mainly due to net realized and unrealized losses of approximately HK$0.5 million on financial assets at fair value through profit or loss (2024 interim: gain of approximately HK$2.4 million); the group's enterprise management solutions and information technology contract services business recorded a segment loss of approximately HK$3.2 million (2024 interim: profit of approximately HK$0.09 million), mainly due to intense competition in the information technology industry and goodwill impairment loss of approximately HK$2.3 million (2024 interim: nil); the group's business-to-consumer online sales platform and business-to-business product trading business recorded a segment loss of approximately HK$0.4 million (2024 interim: loss of approximately HK$0.7 million); and other corporate expenses increased slightly to approximately HK$7.3 million (2024 interim: approximately HK$6.5 million).

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