Asia
Telecom Digital Warns of Swing to Full-Year Loss
Telecom Digital (HKG:6033) expects an attributable loss of up to HK$34.3 million for the year ended March 31, compared with an attributable profit of HK$22.6 million a year prior, according to a Wednesday Hong Kong bourse filing.The telco attributed the loss to a lower gross profit, a non-cash impact from the impairment loss of its investment properties, and a drop in the recognition of a net fair value gain on financial assets and derivatives.Other factors include a lower share of results of associates and higher income tax expenses.
HKG:6033
