Brief: China Netcom Technology Sees Decline In Q4 Revenue

China Netcom Technology Holdings

20/01/2020 12:38

Jan 20 (Reuters) - China Netcom Technology Holdings Ltd
 8071.HK :
    * EXPECTED THAT GROUP'S REVENUE WILL DECLINE SIGNIFICANTLY
IN Q4
OF 2019
    * GROUP'S OPERATING PERFORMANCE FOR YEAR ENDED 31 DEC 2019
WILL BE
AFFECTED AND RECORD A LOSS
    * SEES REVENUE, OPERATING PERFORMANCE OF FINANCIAL
TECHNOLOGY
SERVICES BUSINESS IN Q1 TO CONTINUE TO BE AFFECTED & DECLINE
    * EXPECTED Q4 RESULT DUE TO RISE IN BAD DEBT LEVEL OF
FINANCIAL
TECHNOLOGY SERVICES BUSINESS, AMONG OTHERS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS31T4lD
Further company coverage:  8071.HK 

 (Reuters.Briefs@thomsonreuters.com)