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LONDON - Orient Telecoms PLC (AQSE:ORNT) reported a net loss of £240,217 for the fiscal year ended March 31, 2025, reversing from a profit of £26,426 in the previous year, according to a press release statement issued Tuesday.
The information technology company, which specializes in managed services including machine-to-machine networking and internet of things solutions, saw its revenue drop 43% to £216,068 from £376,557 in the prior year.
The company attributed the performance decline to global political tensions and international tariff-related disruptions that affected customer operations and delayed contract execution.
Basic and diluted loss per share was 2.40 pence, compared to earnings per share of 0.26 pence in fiscal 2024.
Despite the revenue contraction, Orient Telecoms reported that its total assets increased by 11% year-on-year, which the company described as evidence of its commitment to maintaining financial stability.
The company noted an increase in quotation requests for its managed connectivity services, which it said reflects growing demand from end users.
Orient Telecoms provides various managed services including cyber security and big data solutions. The full annual report and accounts are available on the company’s website.
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