CITYCHAMP (00256.HK): Expects H1 Turnaround with Profit of at Least HKD 40 Million

NewTimeSpace · 2026/08/14 18:37 · By Boyuan Chen

NewTimeSpace News: On 14 August 2026, CITYCHAMP (00256.HK) issued a positive profit alert, expecting H1 profit attributable to owners of at least HKD 40.0 million, versus a loss of approximately HKD 42.045 million a year earlier, driven by lower operating expenses, higher banking and financial profits and a one-off gain from the 50% disposal of Rotary.

NewTimeSpace News: On 14 August 2026, Citychamp Watch & Jewellery Group Limited (stock code: 00256) issued a positive profit alert, expecting a profit attributable to owners of no less than HKD 40.0 million for the first half of 2026, turning around from a loss attributable to owners of approximately HKD 42.045 million in the prior-year period.

The announcement attributed the significant improvement mainly to enhanced operating efficiency and sharply reduced operating expenses in the watches, timepiece products and watch accessories business, increased profit contribution from the banking and financial business, and a one-off gain from the completion in May 2026 of the disposal of 50% of Rotary Watch & Jewellery Limited. The interim results are expected to be published on 28 August 2026.

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CITYCHAMP 00256.HK positive profit alert