trending Market Intelligence /marketintelligence/en/news-insights/trending/ZF2p-h6m0swlW-Ayya6y3g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Yuxing InfoTech Investment Q1 loss widens YOY


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021


Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Yuxing InfoTech Investment Q1 loss widens YOY

Yuxing InfoTech Investment Holdings Ltd. said its first-quarter normalized net income amounted to a loss of HK$62.8 million, compared with a loss of HK$15.9 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 76.7% from negative 12.8% in the year-earlier period.

Total revenue decreased 34.2% on an annual basis to HK$81.9 million from HK$124.4 million, and total operating expenses grew 25.8% from the prior-year period to HK$165.5 million from HK$131.6 million.

Reported net income totaled HK$5.6 million, or 0 cents per share, compared to a loss of HK$297.8 million, or a loss of 17 cents per share, in the prior-year period.