Aluminium and alloy supplier Soon Lian Holdings guides for consolidated net profit for FY2024

Nicole Lim

02-18

The growth in revenue and profit is driven by increase in demand for AI applications, high-performance computing and inventory replenishment.

Soon Lian Holdings is guiding for a consolidated net profit for the 2HFY2024 and FY2024 ended Dec 31, 2024, compared to a consolidated net loss in the corresponding period a year.

This expected profit growth is due to the increase in revenue and growth profit. The group says it has seen strong demand for its products in the precision engineering segment from the start of 2024.

This is driven by the increasing demand for AI applications, high-performance computing and inventory replenishment.

Soon Lian sources aluminium alloy products and cuts them to sizes for use in precision engineering, marine, and other industries.

Shares in Soon Lian closed flat at 19.5 cents on Feb 18.

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The group says it has seen strong demand for its products in the precision engineering segment from the start of 2024.</p>\n<p>This is driven by the increasing demand for AI applications, high-performance computing and inventory replenishment. </p>\n<p>Soon Lian sources aluminium alloy products and cuts them to sizes for use in precision engineering, marine, and other industries.</p>\n<p>Shares in Soon Lian closed flat at 19.5 cents on Feb 18.</p>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://www.theedgesingapore.com/capital/results/aluminium-and-alloy-supplier-soon-lian-holdings-guides-consolidated-net-profit?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Nicole Lim</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"5MD.SI","symbol_name":"順聯","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/aluminium-and-alloy-supplier-soon-lian-holdings-guides-consolidated-net-profit?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2512909171","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512909171","pubTimestamp":1739843156,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The growth in revenue and profit is driven by increase in demand for AI applications, high-performance computing and inventory replenishment.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"5MD.SI":"顺联"},"translate_title":"铝及合金供应商顺联控股2024财年合并净利润指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5MD.SI":1},"content_text":"The growth in revenue and profit is driven by increase in demand for AI applications, high-performance computing and inventory replenishment.Soon Lian Holdings is guiding for a consolidated net profit for the 2HFY2024 and FY2024 ended Dec 31, 2024, compared to a consolidated net loss in the corresponding period a year. \nThis expected profit growth is due to the increase in revenue and growth profit. The group says it has seen strong demand for its products in the precision engineering segment from the start of 2024.\nThis is driven by the increasing demand for AI applications, high-performance computing and inventory replenishment. \nSoon Lian sources aluminium alloy products and cuts them to sizes for use in precision engineering, marine, and other industries.\nShares in Soon Lian closed flat at 19.5 cents on Feb 18.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1}}}