Century Legend (00079) Issues Profit Alert, Expects Interim Profit Attributable to Shareholders of HK$1-3 Million

Stock News
Aug 15, 2025

Century Legend (00079) announced that compared to the unaudited loss attributable to equity holders of approximately HK$24.6 million in the same period last year, the company expects an unaudited profit attributable to equity holders of between approximately HK$1 million to HK$3 million for the six months ended June 30, 2025.

The expected turnaround from loss to profit is mainly due to the anticipated fair value gains on financial assets at fair value through profit or loss in the range of approximately HK$16 million to HK$17 million during the reporting period, compared to fair value losses of approximately HK$12 million on financial assets at fair value through profit or loss in the same period last year.

The shift from valuation losses to valuation gains between the two comparable periods is primarily attributable to the significant increase in market value of the Group's investments in securities listed in Hong Kong and the United States.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10