CITYCHAMP (00256) has announced that it expects to record a net profit attributable to the company's shareholders of no less than HKD 40 million for the six months ending June 30, 2026. This marks a significant turnaround from the same period in the prior year, when the company recorded a loss of approximately HKD 42.045 million.

The board attributes this substantial profit improvement to several key factors. These include enhanced operational efficiency in the watch, timepiece, and watch accessories divisions, which has led to a notable reduction in operating expenses. Additionally, the contribution from the company's banking and financial business has increased, and a one-time gain was realised from the completion of the sale of a 50% equity interest in Rotary Watch & Jewellery Limited in May 2026.