The latest announcement is out from Asia Tele-Net and Technology Corp Ltd ( (HK:0679) ).
Asia Tele-Net and Technology Corporation Limited reported its audited consolidated results for the year ended December 31, 2024. The company experienced a decrease in total revenue from HK$431,288,000 in 2023 to HK$419,112,000 in 2024. The company also reported a loss of HK$13,655,000 for the year, compared to a profit of HK$304,102,000 in the previous year. This downturn was attributed to factors such as a loss on the change in fair value of investment properties and a decrease in other income. The financial results indicate challenges in maintaining profitability, impacting the company’s market positioning and stakeholder confidence.
More about Asia Tele-Net and Technology Corp Ltd
Asia Tele-Net and Technology Corporation Limited is a company incorporated in Bermuda, operating with a focus on technology and telecommunications. The company is listed on the Hong Kong Stock Exchange and engages in various business activities, including contracts with customers and rental income.
YTD Price Performance: -5.45%
Average Trading Volume: 1,806
Technical Sentiment Signal: Sell
Current Market Cap: €41.59M
See more data about 0679 stock on TipRanks’ Stock Analysis page.