Culturecom Holdings Warns of Increased Losses Amid Intangible Asset Impairment
Reuters
Nov 24, 2025
Culturecom Holdings Warns of Increased Losses Amid Intangible Asset Impairment
Culturecom Holdings Limited has issued a profit warning, announcing that it expects to record an unaudited loss of approximately HK$26.0 million to HK$36.0 million for the six months ended 30 September 2025, a significant increase from the HK$11.6 million loss reported in the same period last year. The company attributes the substantial increase in loss primarily to an impairment loss recognized on intangible assets and deposits paid for intangible assets, due to intense competition in the smart/AI product market and a strategic decision to delay entry into the Chinese smart products sector. The financial information is based on preliminary unaudited management accounts and has not yet been reviewed by the company's auditors or audit committee. Shareholders and investors are advised to exercise caution when dealing in the company's securities.
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