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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (2040)11/6/2001 10:35:33 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
HK iLink 3Q Losses HK$9.79M Vs HK$9.20M
Dow Jones Newswires

iLink Holdings Ltd. - Hong Kong

HONG KONG -- Internet application solutions provider iLink Holdings Ltd. (H.ILK) said Tuesday net losses in the third quarter widened 6.4% to HK$9.8 million from HK$9.2 million in the previous year.

The loss per share came in at 19 HK cents, compared with last year's 53 HK cents.

Third-quarter revenue rose to HK$20.7 million from HK$13.3 million in the year-ago period.

However, the company reported that general and administrative expenses increased significantly to HK$14.4 million from HK$5.9 million in the same period last year. In addition, operational losses increased to HK$11.8 million from HK$9.8 million in the year-ago period.

It didn't provide any additional details.

iLink said its net loss in the nine months to September narrowed about 16% to HK$22.1 million from HK$26.3 million in the same period in 2000.

Revenue for the nine-month period rose to HK$63.7 million from HK$19.8 million last year.

The Growth Enterprise Market-listed company, controlled by telecom giant Pacific Century CyberWorks Ltd. (PCW), said it isn't recommending a dividend payment for the nine months ended Sept. 30.

-By Yeo Kwee Chuan, Dow Jones Newswires; 852-2802-7002, kwee-chuan.yeo@dowjones.com

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