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 £88,243, down from £118,137 a year ago. Pretax loss widens to £108,292 from £68,310, reflecting the expiry of several high-value contracts. Says administrative expenses remain well-managed at £157,325 compared to £156,151 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.
Company adds: ‘Management is actively pursuing revenue diversification through targeted business development initiatives, aimed at securing new contracts and stabilising future income. Ongoing engagements with domestic and regional partners, particularly across Malaysia and Southeast Asia, are expected to yield positive outcomes in the coming quarters. These strategic actions demonstrate the Group’s adaptability and forward-looking approach, positioning Orient Telecoms for sustainable growth as market conditions evolve.’
Current share price: 4.50 pence
12-month change: down 44%
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