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TransTech Group and Metalforms Complete Acquisition of Koch Heat Transfer's International Operations, Launch European Entity and Reestablish Global Partner Network
Transtech Optelecom Reports Significant Financial Loss for 2024
Performance: TRANSTECH (09963.HK) annual loss expanded to 94.846 million yuan.
TRANSTECH (09963.HK) announced its annual results for the year ending December last year, with a revenue of 0.148 billion yuan, a year-on-year decrease of 15%. The loss widened to 94.846 million yuan, compared to a loss of 64.222 million yuan in the same period last year; the loss per share was 36.48 cents. No dividend was declared.
TRANSTECH: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
Transforming Construction Data: OnStation Integrates With TransTech for Seamless Density Gauge Readings
TRANSTECH (09963.HK): It is expected to record an annual loss of approximately 92 million to 98 million Hong Kong dollars.
On March 25, Gelonghui reported that TRANSTECH (09963.HK) announced a loss of approximately 64.2 million Hong Kong dollars compared to the same period last year, with the group expecting to record a loss of approximately 92 million to 98 million Hong Kong dollars for the year ending December 31, 2024. Based on currently available information, the anticipated reduction in the group's net loss during 2024 is mainly due to the net effects of the following factors: (i) weak economic conditions leading to a decrease in sales revenue; (ii) less foreign exchange loss due to fluctuations in the Exchange Rates between the renminbi, Thai baht, US dollar, and Hong Kong dollar; (iii) a decrease in impairment loss of advance payment for raw material procurement.