Transtech Optelecom Expects Narrower Loss in H1; Shares Slide 11%
MT Newswires Live08-22
Transtech Optelecom Science Holdings (HKG:9963) expects to report an attributable loss of HK$12 million to HK$13 million for the first half of 2025, compared with a loss of HK$13.7 million a year earlier, according to a Friday Hong Kong bourse filing.
Shares of the optical fiber manufacturer fell over 11% in Friday late-morning trade.
The company said the result was mainly due to lower sales revenue, partly offset by foreign exchange gains from fluctuations in the yuan, Thai baht, US dollar, and Hong Kong dollar.
It plans to publish its interim results on or before Aug. 27.
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