idt int'l (00167.HK) proposed restructuring arrangement hearing has been cancelled.
idt int'l (00167.HK) announced that the company has submitted a filing cessation notice to the High Court on September 9th of this year to suspend the original summons of the proposed restructuring arrangement plan, and the hearing scheduled to be held on September 13th has been canceled. The company stated that its shares will continue to be suspended from trading until a resumption guidance is reached.
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idt int'l (00167.HK) is expected to report unaudited net profit of over 5 million yuan in the first half of the year.
idt int'l (00167.HK) supplements the profit forecast previously issued, and is expected to record unaudited net profit of over 5 million yuan in the first half of the year, compared to a net loss of about 6.8 million yuan in the same period last year. The main reason is the resumption of business operations in the first half of this year, while the operation was basically suspended in the first half of last year. The stock has been suspended since April 3 last year and will continue to be suspended until the resumption guidance is achieved.
idt int'l (00167.HK) resumes business operations of "Yingxi" and anticipates turning losses into profits.
idt int'l (00167.HK) announced profit for the period, is expected to record net profit for the six months ending June compared to a net loss of 6.8 million yuan in the same period last year. The reason is the recovery of business operations in the first half of this year. So far, the company has received more than 70 million yuan of confirmed orders, and it is expected to be completed and delivered in the third quarter of this year. The company's shares have been suspended from trading since April 3, 2023, and will continue to be suspended.
Idt int'l (00167.HK) narrowed its losses to 21.75 million yuan in 2022.
idt int'l (00167.HK) announced its annual results for the year ending in 2022, with revenue of 2.22 million yuan, down 87.1% from the previous year. Losses narrowed from 84.23 million yuan in the previous year to 21.75 million yuan, with a loss per share of 0.84 cents. No final dividends will be distributed. The company's shares will be suspended from trading starting from April 3, 2023, and will continue to be suspended.
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idt int'l (00167.HK) received orders of over 70 million yuan and expects to complete and deliver them in the third quarter, and the trading halt continues.
IDT Int'l (00167.HK) announced that according to unaudited management accounts for May and June, the group's unaudited revenue (mainly from the sales of electronic products) in May and June was no less than 10 million yuan respectively. The group has also received orders of over 70 million yuan and expects to complete and deliver them in the third quarter. The group is also striving to expand its product range to meet the growing needs of its customers, and expects its product portfolio to double by the end of the third quarter. It will also continue to periodically review its existing business and make efforts to improve its business operations and financial condition. The business strategy of the group is to actively seek potential opportunities.
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