IDT INT'L (00167) issued an announcement that the company's auditors have begun the Group's audit...
Zhitong Finance App News, IDT INT'L (00167) issued an announcement. The company's auditors have begun the Group's audit and are preparing the Group's audited comprehensive financial statements. According to discussions between the auditors and the company, the company expects to publish annual results for the years ended 2022 and 31 December 2023 and interim results for the six months ended June 30, 2023 by the end of June 2024, without unforeseen circumstances.
The company is also striving to resume share trading and will continue to explore ways to meet the resumption guidelines, including formulating and adopting appropriate strategies to improve and enhance the Group's business capabilities and find potential new business opportunities to expand its revenue base, enhance its long-term growth potential, and further improve the Group's overall financial performance.
The Group is pleased to announce that with the resumption of operations, the business has gradually returned to normal, revenue for the first quarter increased markedly, and operating profit was achieved. In addition, the Group has also successively signed new product orders with relevant customers, which are expected to be completed and delivered in the next quarter. The Group will continue to review its current business from time to time and endeavor to improve the Group's business operations and financial situation. The Group's business strategy is to actively seek out potential business and investment opportunities to expand revenue streams.
Furthermore, trading continues to be suspended.