Summary by Moomoo AI
CEC Int'l Hold announced a profit warning on December 5, 2024, based on the unaudited consolidated management accounts for the six months ending October 31, 2024, predicting a post-tax loss of no more than 30 million Hong Kong dollars. In contrast, the post-tax profit for the same period last year was about 0.3 million Hong Kong dollars. This loss is primarily due to the high number of local residents traveling abroad, with foot traffic on the streets not showing significant improvement, 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 returned to pre-pandemic levels, particularly in terms of nighttime foot traffic and spending...Show More
