CENTURY EN INTL (08132) announced that the Group is expected to record a net loss attributable to shareholders of approximately HK$8 million to HK$13 million for the six months ending September 30, 2025, compared to a net loss of approximately HK$10.2 million in the corresponding period of 2024.
The expected loss during the current period is primarily attributable to the combined impact of the following factors: (i) A significant decline in gross profit from approximately HK$3.45 million in the same period last year to about HK$0.1 million this year, due to intense competition in the Group's natural gas trading business, coupled with volatile gas prices and high transportation costs; (ii) An approximately HK$2.5 million one-time inventory impairment during the period, which increased cost of sales and reduced gross profit; (iii) Although natural gas trading revenue decreased year-on-year, overall selling expenses remained unchanged as these costs were mainly generated by the wire business segment; (iv) Financial expenses increased from approximately HK$3.48 million in the same period last year to about HK$4.39 million this year, primarily due to an expansion in total loan scale.