Teliti plunges on profit warning – MoneyWeek

By admin, 2020年4月8日

Asaresult,Telitiexpectsprofitbeforetaxforthecurrentfinancialyearwillbelessthanhalfwhatthemarkethadbeenexpecting。

Thoughitissmallconsolation,thegroupwillhavereducedinterestchargesresultingfromthedelayindrawingdownonthecompanysbankingfacility。

ThecompanysaidithascurrentlydrawndownRM75。

5moftheRM111mdebtandisindiscussionsregardingthereleaseoftheremainingfunds,whicharerequiredtobringthedatacentreintooperation。

Theboardisconfidentthatthematterwillberesolvedinthenearfuture。

Inastatementthefirmwaskeentoemphasisethepositives:MarketingoftheDatacentrehascontinuedinMalaysiaandthroughTelitiDatacentresregionalmarketingofficeinSingapore(coveringSingaporeandHongKong),andinterestinthefacilityremainsstrong。

Asof15thJune2012,Telitiwasinadvanceddiscussionstosignrentalagreementsforapproximately20,000sqft,orc。

44%oftheinitial45,000sqftofnetlettablearea。

Inaddition,thecompanyiscontinuingtoprogressdiscussionswithitspartnersfortheprovisionofcloudcomputingservicesandexpectsthisofferingtobereadyforwhentheDatacentreisopened。

Thesharepricefell12。

50pto42pby12:39。

NR

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