CENTURY ENT INT(00959) announced an expected mid-year profit attributable to shareholders of not less than HK$25 million, turning loss into profit year-on-year.

Century ENT INT (00959) announces that the group is expected to record a profit attributable to owners of the company of not less than HK$25 million for the six months ending on September 30, 2025, while a loss of approximately HK$11.4 million was recorded for the six months ending on September 30, 2024. The group has started recognizing the income of two new subsidiary companies, which are engaged in online technology-based gaming business in Manila, Philippines and camellia oil business in Guangdong Province, China. These subsidiaries have started operating during the interim period and are currently contributing gross profit to the group. The board expects these business units to develop into important and sustainable sources of profit and growth for the group. The group recognized a one-time other income of approximately HK$30 million during the interim period due to the reversal of expected credit losses provision, as a result of an agreement entered into by the former shareholder Mr. Wu Wenxin on July 2, 2025, allowing the group's receivables from Mr. Wu to offset the payables to him. Following the termination of the VIP room agreement in the Kingdom of Cambodia in April 2025, the group ceased recognizing related right-of-use assets and lease liabilities amounting to approximately HK$4.8 million and HK$6.2 million, respectively. This resulted in a net lease modification income of approximately HK$1.1 million, which has been recognized as other income during the interim period.