AcrossAsia Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported loss attributable to owners of the company of HKD 48,050,000 or 0.95 cents per basic share on turnover of HKD 317,050,000 compared to loss attributable to owners of the company of HKD 17,969,000 or 0.35 cents per basic share on turnover of HKD 261,296,000 for the last year. Interest income was HKD 8,180,000 compared to HKD 9,775,000 last year. Loss from operations was HKD 7,462,000 compared to profit from operations of HKD 14,208,000 last year. Loss before tax was HKD 25,769,000 compared to profit before tax of HKD 5,032,000 last year. Loss was HKD 38,744,000 against profit of HKD 2,514,000 last year. The turnover increased by 31% mainly attributable to sustainable increase in demand for broadband Internet, data communication and cable TV services.

AcrossAsia Limited provided earnings guidance for the six months ending June 30, 2013. The company expects to record a significant loss for the six months ending June 30, 2013 as compared to the loss for the six months ended June 30, 2012, which is mainly a result of (i) the derecognization of the Warrants held by it (which, if not exercised during the Exercise Period, will expire on May 3, 2013), and (ii) a loss arising from a material provision for legal fees payable for the on-going litigations in Hong Kong and Indonesia for the three months ended March 31, 2013 and the six months ending June 30, 2013.

AcrossAsia Limited announced that they will report Q1, 2013 results on May 07, 2013