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IN BRIEF: Orient Telecoms profits multiple due to marketing strategy

22nd Dec 2021 15:20

Orient Telecoms PLC - Singapore headquartered telecommunication services provider - Pretax profit in the six months to September 30 multiplied to GBP44,804 from GBP8,367 a year before. Interim revenue amounted to GBP404,614, up 27% from GBP317,512 a year prior. Attributes performance to an aggressive sales and marketing strategy, as well as the government's mass immunisation programme. Notes pandemic related challenges but still expects coming years to be "more fruitful and less challenging."

Current stock price: 22.00 pence

Year-to-date change: down 29%

By Abby Amoakuh; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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