Ca Cultural Technology (01566.HK) announced on November 25th that as of September 30, 2024, for the six months ended, due to (i) an increase in income from Joypolis in Japan, and a decrease in service costs of the theme park business due to reduced amortization expenses; (ii) the group terminated the operation of the theme amusement park in Shanghai, China and received a one-time exemption from paying the payable rent; and (iii) reversal of impairment loss provision under the expected credit loss model after receiving settlement payments from several group debtors, the group is expected to record a loss attributable to owners of the company of approximately 1.9 million Hong Kong dollars for the six months ended September 30, 2024, a decrease of approximately 97.6% from 80.6 million Hong Kong dollars for the six months ended September 30, 2023.
The company's shares were suspended briefly on the morning of November 21, 2024, awaiting the announcement of insider information about the company.