mTouche Registers Q407 Losses, Expects A Profitable 2008

KUALA LUMPUR, 19 FEBRUARY 2007 - Mesdaq listed mTouche Technology Berhad (mTouche) today announces its results for fourth quarter of financial year ended 31 December 2007 (Q4FY07). The Group announces a revenue and loss of RM45.2 million and RM12.5 million respectively.
The Group’s revenue is down by 15.2 percent from RM 53.3 million of the same period ending 31 December 2006. Its fourth quarter record loss of approximately RM17.8 million as compared to a profit of RM6.0 million from the previous quarter, is in line with anticipation of lower revenue generated due to adverse market condition.
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