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synertone communication corp (1613) Details

Synertone Communication Corporation designs, researches and develops, manufactures, and sells specialized communication systems, equipment, and systems technologies in the People’s Republic of China and internationally. It operates through Communication Technology, Synertone 1 Satellite Communication, Building Intelligence and Smart Home, and Industrial Control System segments. The Communication Technology segment manufactures and assembles core components of the digital trunking system and VSAT satellite system for system integrators, distributors, and end-users. The Synertone 1 Satellite Communication segment provides satellite broadband services through licensed telecommunication partners to high-speed rail, ferries and shipping, and road transportation and aircraft, as well as wireless broadband connectivity in remote areas with no electricity. The Industrial Control System segment offers automation control systems for use in various industries to monitor pressure, temperature, fluid levels, traffic condition, etc., including airport control and public utilities control. The Building Intelligence and Smart Home segment offers video intercoms system and security alarm solutions for residential complexes; and smart home devices and systems for households, as well as engages in the software development activities. The company also provides satellite bandwidth capacity and communication services; and trades in specialized communication systems. Synertone Communication Corporation was founded in 2001 and is headquartered in Kowloon, Hong Kong.

264 Employees
Last Reported Date: 12/20/18
Founded in 2001

synertone communication corp (1613) Top Compensated Officers

CEO & Executive Director
Total Annual Compensation: $1.8M
Chairman
Total Annual Compensation: $4.0M
Compensation as of Fiscal Year 2018.
synertone communication corp
Synertone Communication Corporation Provides Group Earnings Guidance for the Year Ended March 31, 2019

Synertone Communication Corporation provided group earnings guidance for the year ended March 31, 2019. For the year, the company expected to record a significant profit for the current year as compared to a loss for the year ended 31 March 2018 and return to net assets position of not less than HKD 100 million as at 31 March 2019. The board considers that the expected significant profit was mainly attributable to an one-off gain on derecognition of finance lease payables of approximately HKD 372.4 million (which is non-cash in nature) as a result of the early termination of the finance lease arrangement in connection with the exclusive right to use Synertone 1 satellite bandwidth. the absence of an impairment loss recognized in respect of intangible assets relating to the exclusive right to use Synertone 1 satellite bandwidth of approximately HKD 215.2 million, which was recorded in the Prior Year; the absence of an impairment loss recognized in respect of intangible assets relating to the safe communication technologies cash generating unit of approximately HKD 47.4 million, which was recorded in the Prior Year; and a significant decrease in impairment loss of goodwill in respect of the industrial control system cash generating unit for the Current Year as compared with that for the Prior Year.

SYNERTONE COMMUNICATION CORPORATION's Ordinary Shares To Be Deleted From Other OTC

SYNERTONE COMMUNICATION CORPORATION's ordinary shares will be deleted from Other OTC, effective January 9, 2019. The deletion is due to inactive security.

Synertone Communication Corporation Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2018

Synertone Communication Corporation reported unaudited consolidated earnings results for the six months ended September 30, 2018. For the period, revenue was HKD 38,540,000 against HKD 40,772,000 reported a year ago. Loss from operations was HKD 43,848,000 against HKD 73,544,000 reported a year ago. Loss for the period was HKD 57,733,000 against HKD 86,863,000 reported a year ago. Basic loss pr share was 1.45 cents against 2.52 cents reported a year ago.

 

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