Century Entertainment International has issued a positive profit alert for the six months to 30 September 2025, citing rising revenues from new business lines – including its gaming technology platform operation in the Philippines – and the settlement of receivables from former controlling shareholder Ng Man Sun.
In a Hong Kong Stock Exchange filing, the company revealed it expects to record a profit for the period of not less than HK$25 million, reversing a HK$11.4 million loss a year earlier.
This, it explained, is due to the recognition of revenue from two new subsidiaries, one of which is its online technology-based gaming business in Manila and the other a camellia oil business in China, respectively. “These subsidiaries have commenced operations during the Interim Period and are currently contributing gross profit to the Group,” Century Entertainment said. “The Board expects that these business units will evolve into significant and sustainable sources of profit and growth to the Group.”
The company also said it recognized a one-off other income of around HK$30 million arising from the reversal of an expected credit loss following a settlement agreement executed on 2 July 2025 with Ng, which enabled the offsetting of the Group s receivables due from its former shareholder and CEO.
Likewise, following termination of a VIP room agreement in Cambodia in April 2025, Century Entertainment derecognized the associated right-of-use assets and lease liabilities of approximately HK$4.8 million and HK$6.2 million respectively – leading to a net gain of lease modification of approximately HK$1.1 million which has been recognized as other income during the Interim Period.
The company’s interim results are due for release by the end of this month.
Century Entertainment revealed earlier this week that its new Philippines business had generated revenue of around HK$800,000 (US$102,900) in July, HK$1 million (US$128,600) in August and HK$3,268,000 (US$420,300) in September.
It also announced the signing of a non-binding letter of intent with a casino operator in Vietnam to explore the possibility of expanding the group’s gaming operations, “demonstrating a parallel effort to revitalise the Group’s core gaming activities following the termination of the Group’s VIP room operations in Cambodia.”
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