TRANSTECH (09963) announced its interim results for 2025, reporting revenue of HK$38.746 million, a decrease of 46.82% year-on-year. The company recorded a net loss of HK$12.644 million, representing a 7.57% reduction compared to the same period last year, with loss per share of HK$0.049.
According to the announcement, the revenue decline was primarily attributed to a reduction in optical cable sales by approximately 46.0% to about HK$37.4 million, while optical fiber sales decreased by approximately 63.9% to about HK$1.3 million.
The reduction in losses was mainly due to the net impact of the following factors: (i) increased foreign exchange gains; (ii) increased gross loss; (iii) reduced finance costs; (iv) increased reversal of loss allowance for trade receivables under the expected credit loss model; and (v) increased provision for inventories.
