Trio Industrial Electronics Group (HKG:1710) expects a net profit attributable to the equity holders of about HK$1 million to HK$11 million in 2024, lower compared with the profit of HK$47.1 million a year ago, according to a Friday filing with the Hong Kong bourse.
The company attributed the decrease in profit to the group's revenue decline due to weaker demand in Europe and North America, lower operating income, higher costs for new energy projects, and increased depreciation on property and equipment improvements.
The manufacturers and distributors of customized industrial products plan to publish their annual results before March 31.
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