CA CULTURAL (01566) is expected to have a net loss attributable to shareholders of approximately HK$38.22 million for the year ending 31 March 2025.

Huaxia Culture Technology (01566) announced that due to (i) the transformation of the group to light asset operation leading to an increase in gross profit; (ii) other income and losses related to the exemption from paying rent, termination of the recognition of right-of-use assets and lease liabilities; (iii) no impairment loss on investments in associated companies obtained in the corresponding period in 2024; (iv) reversal of impairment provisions for expected credit losses under the expected credit loss model after receiving settlement payments from several debtors of the group, it is expected that the group will have a loss attributable to owners of the company of approximately HK$38.22 million for the year ended March 31, 2025, a decrease of approximately HK$132 million from the HK$171 million for the year ended March 31, 2024.