AcrossAsia trims losses

PUBLISHED : Saturday, 17 August, 2002, 12:00am
UPDATED : Saturday, 17 August, 2002, 12:00am

AcrossAsia Multimedia has cut back first-half losses by 77.68 per cent, to HK$20.97 million. The Growth Enterprise Market-listed company, which operates a telecommunications business in Indonesia, maintained an operating profit of HK$8.2 million, compared with an operating loss of HK$42.7 million a year earlier. The improvement also reflected a foreign-exchange gain of HK$36.4 million, from a stronger rupiah. Turnover dipped 1.1 per cent to HK$317.1 million.