PC Partner (HKG:1263, SGX:PCT) expects to report a net profit attributable to shareholders of no less than HK$250 million for the year ended Dec. 31, 2024, compared with HK$60 million a year earlier, according to a filing with the Singapore Exchange on Thursday.
The increased profit is due to an improvement of gross profit margin driven by strong demand of a new series of video graphics cards.
The company will release its financial results before the end of February.
Singapore shares of the company slid over 7% in recent trading, while its Hong Kong shares shed over 4%.
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