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Broadband

TeleChoice expects loss for 2020 amid lower revenue in the period

Monday 22 February 2021 | 10:48 CET | News
TeleChoice International has released its profit guidance for its second half and full year ended 31 December 2020. Back in November 2020, when TeleChoice announced its business performance for the third quarter and nine months ended 30 September 2020, the Group disclosed that it maintained a cautious outlook for FY2020 due to the impact of COVID-19 on the company's operations for its three business divisions and the challenging market environment. The Group now expects to incur a loss for 2020, as its operating profit has "substantially reduced due to the lower revenue registered in FY2020,

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Categories: Fixed
Companies: Telechoice
Countries: Asia / Singapore
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