Orient Telecoms Plc (GB:ORNT) has released an update.
Orient Telecoms Plc, a provider of managed connectivity services, experienced a profit decline in the fiscal year ending 31st March 2024, due to a tax payable despite a net profit increase before tax. The company is focusing on innovation and growth opportunities in managed connectivity solutions, cybersecurity, and cloud services to drive digital transformation for clients. With a strong financial position, including substantial cash reserves and no debt, Orient Telecoms is poised to capitalize on market trends and customer demand for outsourced network management.
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