Vixtel Anticipates Sharper Losses Amid Expansion

Vixtel Technologies Holdings Ltd. (HK:1782) has released an update.

International Business Digital Technology Limited warns of an anticipated increase in net loss for the first half of 2024, projecting a loss in the range of approximately RMB 37 to 40 million. The increase is attributed to decreased other income, higher research and development costs, and elevated administration and selling expenses related to its expansion into new business markets. Shareholders and potential investors are advised to tread carefully with the company’s securities.

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