Tongda to Widen Loss in 2024

MT Newswires Live
02-10

Tongda Group (HKG:0698) expects an attributable loss of between HK$3.8 billion and HK$4 billion in 2024, wider than the HK$1.23 billion a year prior, a Friday Hong Kong bourse filing said.

The handset components manufacturer attributed the anticipated wider loss mainly to one-off non-cash impairment provisions and the absence of a revenue contribution from a disposed business.

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