1957 & CO. (08495) expects a net loss of approximately HKD 1 million for the first half of the year.
1957 & CO. (08495) announced that the Group expects to incur a net loss of approximately HKD 1 million for the six months ending June 30, 2026, compared to a net loss of approximately HKD 2.6 million for the same period in 2025. The Board believes that the anticipated reduction in net loss during the reporting period is primarily due to an increase in the Group's other income, which mainly includes (i) the lifting of a deposit of HKD 2.65 million retained by the Group as a result of the proposed transfer of an unfinished settlement agreement related to the Copperfield Chic restaurant business; and (ii) government subsidies of approximately HKD 235,000 recognized under the technology voucher scheme approved by the Innovation and Technology Commission for the six months ending June 30, 2026.
1957 & CO. (08495) announced that the group expects to incur a net loss of approximately HKD 1 million for the six months ending June 30, 2026, compared to a net loss of approximately HKD 2.6 million for the same period in 2025. The board believes that the anticipated reduction in net loss during the reporting period is primarily due to the increase in the group's other income, which mainly includes (i) the cancellation of the deposit of HKD 2.65 million retained by the group as a result of the uncompleted settlement agreement related to the Causeway Bay Chi no Takumi restaurant business proposal; and (ii) government subsidies of approximately HKD 235,000 recognized under the Technology Voucher Programme approved by the Innovation and Technology Commission for the six months ending June 30, 2026.
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