Brief: Pangaea Connectivity Technology Sees 20% Decrease in Revenue For Year

Pangaea Connectivity Technology

09/03/2022 09:49

March 9 (Reuters) - Pangaea Connectivity Technology Ltd
 1473.HK :
    * SEES TO RECORD AROUND 20% DECREASE IN REVENUE FOR YEAR
    * EXPECTED DECLINE IN PROFIT DUE TO SHARE BASED PAYMENT
EXPENSES
OF HK$16 MILLION INCURRED, AMONG OTHERS
    * PANGAEA CONNECTIVITY TECHNOLOGY SEES 20% DECREASE IN
REVENUE FOR
YEAR
    * PANGAEA CONNECTIVITY TECHNOLOGY SEES PROFIT ATTRIBUTABLE
SIGNIFICANTLY DECREASE BY AROUND 95% FOR YEAR
    * EXPECTED DECLINE IN REVENUE DUE TO SHORTAGES IN SUPPLY OF
SEMICONDUCTOR INTEGRATED CIRCUITS IN MARKET

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