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Citychamp Watch & Jewellery Group ( (HK:0256) ) has issued an announcement.
Citychamp Watch & Jewellery Group Limited has issued a profit warning, indicating an expected loss of approximately HK$40 million for the first half of 2025, compared to a profit of HK$7.024 million in the same period of 2024. The loss is attributed to weak demand for non-essential goods amid challenging economic conditions, with HK$30 million of the loss being non-cash due to asset depreciation. The company’s interim results will be finalized and announced on August 28, 2025.
More about Citychamp Watch & Jewellery Group
Citychamp Watch & Jewellery Group Limited operates in the luxury goods industry, focusing on the production and sale of watches and jewelry. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 289,479,651
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.63B
See more insights into 0256 stock on TipRanks’ Stock Analysis page.