Citychamp Watch & Jewellery Reports 26.3% Drop in Revenue and HK$51.6M Net Loss for H1 2025
Reuters
Aug 28
Citychamp Watch & Jewellery Reports 26.3% Drop in Revenue and HK$51.6M Net Loss for H1 2025
Citychamp Watch & Jewellery Group Limited has announced its unaudited interim results for the six months ended 30 June 2025. The Group reported a total revenue of HK$523.7 million, reflecting a 26.3% decrease from HK$710.3 million in the corresponding period of 2024. The Group experienced a net loss after tax of HK$51.6 million, in contrast to a net profit of HK$3.7 million in the same period last year. EBITDA for the first half of 2025 was HK$14.2 million, a significant decline of 83.0% from HK$83.8 million in the previous year. The net assets of the Group increased by 6.4% to HK$4.02 billion as of 30 June 2025. The Group continues to focus on long-term growth through strategic investments in both existing and new businesses, maintaining its status as a conglomerate with diverse business interests.
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