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Asia Tele-Net Expects Up to 70% Drop in H1 Profit

MT Newswires ·  08/29 09:57

09:54 PM EDT, 08/28/2022 (MT Newswires) -- Asia Tele-Net and Technology (HKG:0679) expects its profit for the six months through June 30 to drop 60% to 70%, according to a Sunday bourse filing.

The anticipated fall is attributed to lower profit from its electroplating equipment business, a decrease of about HK$97 million in its other income, and a reversal of impairment losses of about HK$61 million.

The printed circuit board maker is expected to release first-half results on Aug. 30.

Price (HKD): $0.91, Change: $-0.01, Percent Change: -1.09%

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