IN BRIEF: Orient Telecoms loss widens, confident looking ahead
Orient Telecoms PLC - Singapore-based information technology firm - Reports earnings for six months to September 30. Income in the period is GBP88,243, down from GBP118,137 a year ago. Pretax loss widens to GBP108,292 from GBP68,310, reflecting the expiry of several high-value contracts. Says administrative expenses remain well-managed at GBP157,325 compared to GBP156,151 last year, underscoring continued cost discipline. Basic loss per shares widens to 1.09 pence from 0.69 pence. Looking forward, remains confident in its strategy and long-term prospects. It foresees business performance stabilising in the second half, citing ongoing contract discussions and a healthy project pipeline. "Through technological advancement, disciplined execution, and customer-focused growth, Orient Telecoms Plc aims to deliver stronger financial results and sustainable value creation in the coming periods," Orient says. Read More