CICT Mobile Communication Technology Q1 Loss Narrows; Shares Up 4%
MT Newswires Live
Apr 27
CICT Mobile Communication Technology (SHA:688387) posted first-quarter attributable net loss of 128.2 million yuan, compared with 156.3 million yuan the previous year.
Loss per share narrowed to 0.04 yuan from 0.05 yuan, according to a weekend filing with the Shanghai bourse.
Operating revenue slipped 6.6% year over year to 761.6 million yuan from 815.1 million yuan.
Shares of the telecommunications equipment manufacturer rose 4% in recent trade.
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