Brief: Hong Kong Technology Venture Sees Significant Drop In FY Profit

Hong Kong Technology Venture Co

29/11/2021 08:51

Nov 29 (Reuters) - Hong Kong Technology Venture Co Ltd
 1137.HK :
    * HONG KONG TECHNOLOGY VENTURE SEES UNAUDITED PROFIT AND
ADJUSTED
EBITDA FOR YTD SEPTEMBER DOWN BY ABOUT 78.5% & 57.0%,
RESPECTIVELY
    * ON HKTVMALL GMV ON ORDER INTAKE GREW ABOUT 9.1% FOR NINE
MONTHS
TO ABOUT HK$4.78 BILLION
    * EXPECTED RESULTS DUE TO LACK OF SUBSIDIES AMONG OTHERS
    * FOR HKTVMALL, GROUP EXPECTS GMV ON ORDER INTAKE FOR Q4 OF
2021
TO PERFORM BETTER THAN 2021Q3
    * SEES A SIGNIFICANT DECREASE IN PROFIT AND ADJUSTED EBITDA
FOR
YEAR ENDING 31 DECEMBER 2021

Further company coverage:  1137.HK 

 (Reuters.Briefs@thomsonreuters.com)