Brief: Cornerstone Technologies Sees Revenue To Increase By 46% For Year

Cornerstone Technologies Holdings

29/03/2023 16:03

March 29 (Reuters) - Cornerstone Technologies Holdings
Ltd  8391.HK :
    * SEES  REVENUE TO INCREASE BY APPROXIMATELY 46% FOR YEAR
    * SEES GROSS PROFIT TO DECREASE BY OVER 50% FOR YEAR
    * SEES ADJUSTED LBITDA FOR YEAR TO BE NOT MORE THAN HK$52
MILLION
    * SEES  NET LOSS ATTRIBUTABLE NOT EXCEEDING HK$161.0 MILLION
FOR
YEAR
    * EXPECTED ADJUSTED LBITDA DUE TO INCREASE IN STAFF COSTS OF
HK$7.8 MILLION OF EV CHARGING BUSINESS


Further company coverage:  8391.HK 

 ((Reuters.Briefs@thomsonreuters.com;))