C-Link Squared (HKG:1463) expects an attributable loss of 167.1 million ringgit in the first half of 2025, compared with an attributable profit of 1.1 million ringgit a year prior, a late Thursday Hong Kong bourse filing said.
Shares of the IT service manager were down 2% in Friday afternoon trading.
The firm attributed the forecast to an impairment loss of goodwill related to a unit engaged in the provision of internet hospital and brick-and-mortar clinical services in China.
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.