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  • Centron Telecom (HKSE 1155) Announces Positive Profit Alert for 2014 Interim Results
  • Source:Centron Telecom  Released Date:2014-08-12  Author:Administrator  Pageview:5709
  • Centron Telecom (HKSE 1155)

    AnnouncesPositive Profit Alert for 2014 Interim Results

    (12August 2014, Hong Kong) Centron Telecom International Holding Limited (“Centron” or the “Company”, HKSE 1155), together with its subsidiaries (the “Group”) announced that based on the preliminary review on the unaudited consolidated management accounts for the six months ended 30 June 2014 (the “Reporting Period”), the Group expects to turn around to an unaudited net profit for the Reporting Period from an unaudited net loss for the corresponding period of the last year.

    The Board considers that such expected turnaround is primarily attributable to (i) an increase of the overall gross profit margin of the Group, (ii) the effectiveness of the Group’s cost control measures; and (iii) the significant growth in digital interphones business of the Group, which only generated revenue until the second half of last year.

    Mr. Dai Guoliang, Chairman of Centron, said, “We are delighted to witness the Group’s expected turnaround for the first half of 2014 from a net loss of the corresponding period last year. It has validated the correct direction of the Group’s transformation strategies and measures when confronted with the industry changes. It also embodied all the staff’s unyielding faith and firm determination to get through the challenging period of the industry and start to usher in a rebound. Looking ahead, with the user’s ever increasing demand for network coverage quality, and the drives of the China’s 4G craze and the analogue-digital transition for private network communication, we will constantly improve our technological strength to firmly grasp the development opportunity so as to increase the Group’s core competence and profitability to reward our investors and shareholders. ”


    About Centron Telecom International Holding Limited (Stock Code: 01155.HK)

    Centron Telecom International Holding Limited is one of the top five mobile network optimization equipment and service providers in China. As a high technology enterprise specializing in R&D, manufacturing and marketing of mobile coverage products and a solution provider of network optimization, the major clients of the Group are the Chinese big three telecom operators. Centron has R&D centers in Quanzhou, Beijing, Xi’an and Shenzhen where many outstanding researchers work together. Besides, the Group cooperates with many universities and retains experts in the communications fields as technical consultants. Since 1989, it has consistently participated in the development of some important projects of mobile communications. And most of the Group's products have obtained TLC certificate from the CATR Lab.

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