Soon Lian Forecasts Swing to Profit in 2024; Shares Tumble 17%

MT Newswires

02-19

Soon Lian (SGX:5MD) expects to swing to profit in 2024 from a net loss a year earlier, a filing with the Singapore Exchange said on Tuesday.

The return to profit is mainly due to strong demand in the precision engineering segment.

The company will release its financial results on or before Feb. 28.

Shares of the precision engineering company slumped nearly 17% in recent trading.

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