Beijing Digital Telecom Projects Increased Net Loss for 2024

Beijing Digital Telecom Co. Ltd. Class H ( (HK:6188) ) has issued an update.

Beijing Digital Telecom Co., Ltd. has announced a projected net loss of up to RMB1,380 million for the year ending December 31, 2024, a significant increase from the previous year’s net loss of approximately RMB630 million. This increase is attributed mainly to impairment losses on financial assets, which are non-cash items and do not affect operating cash flows. Excluding these impairments, the company would have achieved a net profit for the year. The announcement is based on preliminary unaudited financial data, and the final audited results may differ. Stakeholders are advised to exercise caution when dealing with the company’s shares.

More about Beijing Digital Telecom Co. Ltd. Class H

Beijing Digital Telecom Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the telecommunications industry. The company, along with its subsidiaries, focuses on providing digital telecom services and products, primarily catering to the Chinese market.

YTD Price Performance: -20.0%

Average Trading Volume: 100

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €58.56M

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