CITYCHAMP (00256) saw its share price rally by more than 3% during the closing session on Monday. As of the time of writing, the stock was trading 3.53% higher at HK$0.088, with turnover reaching approximately HK$372,200.

In a corporate announcement, CITYCHAMP revealed that it anticipates recording a profit attributable to equity holders of the company of no less than HK$40 million for the six-month period ending June 30, 2026. This marks a significant turnaround compared to the corresponding period in the previous year, when the group posted a loss attributable to owners of approximately HK$42.045 million for the six months ended June 30, 2025.

The board attributed the notable improvement in profitability to several key factors. First, the operational efficiency of the watch, timepiece products, and watch accessories division has been enhanced, leading to a substantial reduction in operating expenses. Second, the profit contribution from the banking and financial services segment has increased. Additionally, the group recognized a one-off gain resulting from the completion of the disposal of its 50% equity interest in Rotary Watch & Jewellery Limited in May 2026.