Transtech Optelecom Forecasts H1 2024 Net Loss

Transtech Optelecom Science Holdings Limited (HK:9963) has released an update.

Transtech Optelecom Science Holdings Limited has issued a profit warning indicating an expected consolidated net loss of HK$13.5 to 13.8 million for the first half of 2024, a significant decrease from the net profit in the same period of 2023. The loss is preliminarily attributed to factors such as lower sales revenue, increased inventory allowances, and decreased reversal of loss allowance for trade receivables, among other reasons. Shareholders and potential investors are cautioned to exercise care and await the official financial results announcement due by August 12, 2024.

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