|
Orient Telecoms PLC on Tuesday said it swung to a loss in the 2025 financial year as revenue fell and costs mounted, due to political tensions and tariff disruption. The Singapore-based information technology firm said revenue fell 43% to £216,068 in the twelve months to the end of March from £376,557 in the previous year. Orient Telecoms swung to a pretax loss of £232,210 from a profit of £45,447. It recorded a basic and diluted loss per share of 2.40 pence from a profit of 0.26p in the prior year. Despite reduced revenue, direct costs climbed 19% to £47,884 from £40,266. Administrative expenses jumped 38% to £400,604 from £290,342. The firm did not declare a dividend for the year, unchanged from a year ago. It said the reduction in revenue reflects the adverse impact of global political tensions and tariff-related disruptions, which affected customer operations and delayed contract execution. ‘Looking forward, the group is well-positioned to capitalise on emerging opportunities by leveraging its operational strengths and deep market insight,’ the firm said. ‘Management is dedicated to delivering long-term shareholder value through continued innovation, service excellence, and a disciplined, strategic approach to growth, while adapting to evolving global and market conditions.’ Shares in Orient Telecoms were flat at 4.80p in London on Tuesday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
