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

MT Newswires Live

01/24

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.

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