Datang Telecom Tech's Loss to Widen in H1
Datang Telecom Technology's net loss attributable to the parent in the first half is expected to widen year on year to between 75 million yuan and 95 million yuan, according to a Saturday disclosure on the Shanghai bourse. The Chinese telecommunications equipment manufacturer's shares closed less than 3% lower on Monday. The company's attributable shares a year ago were 61.8 million yuan. The forecast was attributed to lower revenue in the company's special communications business, investment losses, and a drop in non-recurring income.
Datang Telecom Technology's net loss attributable to the parent in the first half is expected to widen year on year to between 75 million yuan and 95 million yuan, according to a Saturday disclosure on the Shanghai bourse.
The Chinese telecommunications equipment manufacturer's shares closed less than 3% lower on Monday.
The company's attributable shares a year ago were 61.8 million yuan.
The forecast was attributed to lower revenue in the company's special communications business, investment losses, and a drop in non-recurring income.
