China Netcom Technology Holdings Limited provided unaudited consolidated earnings guidance for the nine months ended 30 September 2023. For the period, the Group expects to record a comprehensive loss attributable to the owners of the Company of no more than HKD 6.5 million during the Reporting Period as compared with a comprehensive loss attributable to the owners of the Company of approximately HKD 7.8 million in the corresponding period of 2022. The expected significant decrease in the loss for the Reporting Period is primarily due to (i) cost-saving measures; and (ii) the Group's proactive marketing and development efforts to provide its customers with valuable system and related services in smart retail.
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