TIME WATCH (02033) issued a profit warning, anticipating an annual loss of HK$17 million for the company's shareholders compared to a profit.

TIME WATCH (02033) issued an announcement, stating that the group expects to incur a loss of approximately HK$17 million for the 2025 financial year, with the profit attributable to the owners of the company for the year ended June 30, 2024 (the 2024 financial year) being approximately HK$33.6 million. The announcement stated that the expected loss is mainly due to a decrease in revenue of about 22% for the group in the 2025 financial year compared to the 2024 financial year. This is primarily attributed to the weakening consumer sentiment in the Chinese retail market due to global trade tensions, which have negatively impacted local economic and employment growth. Additionally, the weak property markets in Hong Kong and mainland China have led to fair value losses for the group's investment properties.