CNNC International Ltd. Announces Positive Profit Outlook with Significant Revenue and Profit Increases for 2025 Half Year
Reuters
Jul 31
CNNC International Ltd. Announces Positive Profit Outlook with Significant Revenue and Profit Increases for 2025 Half Year
CNNC International Limited has issued a positive profit alert, indicating a significant increase in revenue and gross profits for the first half of 2025. The company expects a revenue boost of not less than approximately HK$585 million and an increase in gross profits of not less than approximately HK$13 million compared to the same period last year. Additionally, the group anticipates earning bank interest income of not less than approximately HK$3 million. However, due to the disposal of interest in a subsidiary in late 2024, the company will not have any share of associate results for the 2025 half year, as opposed to approximately HK$15.6 million in the previous year. The finance costs have also decreased by not less than approximately HK$13 million, as the group did not utilize any banking facilities during this period. These forecasts are based on unaudited preliminary assessments and are subject to adjustments. The finalized interim results are expected to be published by the end of August 2025. Shareholders and investors are advised to exercise caution in dealing with the company's shares.
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