cec int'l hold issued a profit warning on December 5, 2024, expecting to record a post-tax loss of no more than 30 million Hong Kong dollars for the six months ended October 31, 2024, based on unaudited comprehensive management accounts. In contrast, the post-tax profit for the same period last year was about 0.3 million Hong Kong dollars. This loss is mainly due to the high number of local residents going overseas for travel, no significant recovery in street traffic, and the high Hong Kong dollar interest rates affecting consumer willingness. The board of directors pointed out that the consumption habits of Hong Kong residents have not yet fully recovered to pre-epidemic levels, especially in terms of nighttime foot traffic and consumption...Show More

cec int'l hold issued a profit warning on December 5, 2024, expecting to record a post-tax loss of no more than 30 million Hong Kong dollars for the six months ended October 31, 2024, based on unaudited comprehensive management accounts. In contrast, the post-tax profit for the same period last year was about 0.3 million Hong Kong dollars. This loss is mainly due to the high number of local residents going overseas for travel, no significant recovery in street traffic, and the high Hong Kong dollar interest rates affecting consumer willingness. The board of directors pointed out that the consumption habits of Hong Kong residents have not yet fully recovered to pre-epidemic levels, especially in terms of nighttime foot traffic and consumption. The persistently high Hong Kong dollar interest rates have also impacted the capital markets and real estate markets in Hong Kong, further suppressing the consumption willingness of local consumers. These factors collectively led to the decline in performance of cec int'l hold during this period. The company has not finalized the mid-term performance of the group during this period, and the data released are only preliminary assessments without the review of auditors or audit committees. The final mid-term performance may differ from this announcement, and is expected to be announced on December 16, 2024. Shareholders and potential investors should exercise caution when trading the company's securities.