Soon Lian Holdings is guiding for a significant increase in consolidated net profit in 1HFY2024 ended June 30, compared to a consolidated net loss in the corresponding prior year period.
The expected profit growth is mainly due to the increase in revenue and gross profit. The group has experienced strong demand for its products in the precision engineering segment from the start of 2024 due to the gradual improvement of the global semiconductor industry.
The group is in the process of finalising its unaudited condensed interim consolidated financial statements for 1HFY2024. Further details of the group’s financial performance will be disclosed when the relevant announcement is released on or before Aug 14.
Shares in Soon Lian closed at 19 cents on Aug 6.
