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2002-6-24 11:50:00 a.m. HKT, XFNA
STOCK ALERT - Timeless lower after FY results
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HONG KONG (AFX-ASIA) - Timeless Software Ltd (8028.HK) was 0.07 hkd or 18.
919 pct lower at 0.30 on volume of 1.532 mln shares after reporting a loss in
the year to March, dealers said.
The company recorded a net loss 338.109 mln hkd, compared with 37.389 mln
a year earlier, while sales dropped to 47.475 mln from 140.163 mln.
""It's quite natural that investors would turn cautious toward the stock
after it posted such a significant deterioration in its results,"" a dealer
with a local brokerage said.
Timeless Software offers computer consultancy services, develops and
sells computer software, hardware, internet portals and business applications.
wj/tr
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