Solomon Systech's 2024 Profit Falls 48% as Revenue Slumps 26%

MT Newswires Live

03-21

Solomon Systech's (HKG:2878) attributable profit fell 48% to $10.1 million in 2024 from $19.4 million in 2023, according to a Thursday filing with the Hong Kong bourse

Earnings per share at the integrated circuits products and system services company halved to $0.004 from $0.008 in the previous year.

Revenue declined 26% to $113.4 million from $153.2 million a year earlier.

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