BRIEF-Cornerstone Technologies Sees Revenue To Increase By 46% For Year

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BRIEF-Cornerstone Technologies Sees Revenue To Increase By 46% For Year

Reuters2023-03-29

March 29 (Reuters) - Cornerstone Technologies Holdings Ltd :

* SEES REVENUE TO INCREASE BY APPROXIMATELY 46% FOR YEAR

* SEES GROSS PROFIT TO DECREASE BY OVER 50% FOR YEAR

* SEES ADJUSTED LBITDA FOR YEAR TO BE NOT MORE THAN HK$52 MILLION

* SEES NET LOSS ATTRIBUTABLE NOT EXCEEDING HK$161.0 MILLION FOR YEAR

* EXPECTED ADJUSTED LBITDA DUE TO INCREASE IN STAFF COSTS OF HK$7.8 MILLION OF EV CHARGING BUSINESS

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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