Novautek Technologies Posts More Than Double Fiscal H1 Loss, Shares Rise 11%

MT Newswires Live
03 Mar

Novautek Technologies Group(HKG:0519), known as Applied Development Holdings, reported a loss attributable to the owners of HK$71.2 million for the six months ended Dec. 31, compared with HK$33.4 million in the previous year, according to a Friday filing with the Hong Kong Stock Exchange.

Loss per share was HK$0.0233, compared with HK$0.0124 in the prior-year period.

The company's revenue was HK$14.5 million, compared with HK$22.3 million the previous year.

The company's shares were up about 11% at the close of trade.

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