AsiaInfo Technologies (HKG:1675) widened its attributable loss in the first half of 2025 to 198.3 million yuan from 59.5 million yuan in the year-ago period, a late Monday filing with the Hong Kong bourse said.
Shares of the software provider were up 8% in Tuesday afternoon trading.
Loss per share rose to 0.22 yuan from 0.06 yuan in the corresponding period of the last year.
Revenue fell by 13% to 2.6 billion yuan from 2.99 billion yuan a year prior.
The firm attributed the results to the effect of ongoing cost reduction and efficiency enhancement in the telecommunications sector.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.