Zhi Tong Cai Jing·2025-08-29 11:55Core Viewpoint - Suncity Group International Holdings Limited reported a net income of HKD 19.965 billion for the six months ending June 30, 2025, representing a year-on-year increase of 12.38% [1] - The company achieved a profit attributable to owners of HKD 351 million, marking a turnaround from a loss [1] - Basic earnings per share were HKD 0.18 [1] Financial Performance - The increase in net income was primarily driven by improved performance in both gaming and non-gaming operations [1] - The profit turnaround was mainly attributed to enhanced operations in the entertainment and hotel sectors, although rising operational costs partially offset these gains [1] Impairment and Valuation - The company recognized an impairment of HKD 27.3 million related to the Mocha casinos, which are set to cease operations by the end of 2025 [1] - Additionally, an impairment of HKD 5 million was recorded for certain properties, plants, and equipment due to the lack of improvement in the performance of the Suncity Group's properties [1]