Brief: Pangaea Connectivity Technology Sees 30% Decrease In Revenue For Six Months
05/10/2021 16:01
Oct 5 (Reuters) - Pangaea Connectivity Technology Ltd
1473.HK :
* SEES 30% DECREASE IN REVENUE FOR SIX MONTHS
* EXPECT DECLINE IN REVENUE DUE TO SEVERE SHORTAGES IN
SUPPLY OF
SEMICONDUCTOR ICS IN MARKET
* EXPECTS PROFIT ATTRIBUTABLE OF CO WILL SIGNIFICANTLY
DECREASE BY
AROUND 90% FOR SIX MONTHS
* EXPECTED DECLINE IN PROFIT DUE TO SHARE BASED PAYMENT
EXPENSES
OF ABOUT HK$12 MILLION INCURRED
Further company coverage: 1473.HK
((reuters.briefs@thomsonreuters.com;))
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