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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.