TIME WATCH Issues Profit Warning, Anticipates Widened Interim Loss to Approximately HK$37 Million

Stock News
Feb 13

TIME WATCH (02033) has announced that the group expects to record a loss attributable to company owners of approximately HK$37 million for the six months ending December 31, 2025 (the first half of fiscal year 2026). This compares to a loss of approximately HK$10.9 million for the same period ending December 31, 2024 (the first half of fiscal year 2025). The board of directors attributes the increase in the loss primarily to a decline in revenue. This decrease is a result of a weakened retail market in China, caused by ongoing international trade disputes and global economic volatility. Furthermore, the group expects to report other comprehensive income of approximately HK$26.8 million for the first half of fiscal 2026, a significant shift from the other comprehensive expenses of approximately HK$3.6 million recorded in the first half of fiscal 2025. The board believes the increase in other comprehensive income is mainly due to fair value changes on debt instruments.

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