MOBI Development (HKG:0947) expects a net loss between 100 million and 130 million yuan for 2024, wider than 59.2 million yuan logged for 2023, a Monday bourse filing said.
The company attributed the expected loss to an increase in research and development expenses, provision of impairment losses, impact of delayed deliveries, and reduction in the scale of capital project construction of global telecommunication operators.
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