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.