Solomon Systech's Profit to Plunge Up to 54% in 2024

MT Newswires Live
24 Jan

Solomon Systech (International) (HKG:2878) expects an attributable profit of between $9 million and $10 million for 2024, down 49% to 54% from $19.4 million a year prior, a Thursday bourse filing said.

The integrated circuits products and system services provider attributed the anticipated drop in profit mainly to a decline in average selling price and the total shipment quantities of its products.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10