Pacific Network (00543) announced that the Group expects to obtain it for the year ending December 31, 2023...
According to the Zhitong Finance App, Pacific Network (00543) announced that the Group expects to obtain a net loss attributable to equity holders of approximately RMB 28 million to RMB 38 million for the year ending December 31, 2023, compared with a net loss of approximately RMB 6.7 million for the same period in 2022. The Board believes that the anticipated loss is mainly due to increased competition in advertising and changes in marketing models in the automotive industry; and the additional tax loss in 2023 was not recognized as a deferred tax asset during the year, and it was a non-cash expense that had no impact on cash flow, leading to an increase in income tax expenses.