Stock Track | Q TECH Stock Soars 13.97% on Expectations of Profit Surge and Tax Relief

Stock Track

Jan 15, 2025

Q TECH, the Hong Kong-listed technology company, saw its stock price soar by an impressive 13.97% during the Wednesday trading session. This surge is attributed to two significant factors highlighted in recent company announcements.

First, Q TECH has forecasted a substantial increase in its consolidated profit for the fiscal year, estimating a growth of 200% to 280%. The company cited the recovery in demand and the upgrading of specifications for its camera modules as the driving forces behind this remarkable profit surge.

Additionally, Q TECH announced that the Indian Assessing Office has reduced the aggregate amount of income tax and interest payable by its Indian subsidiary by a substantial INR 503 million. This tax relief is expected to positively impact the company's bottom line and contribute to its overall profitability.

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This surge is attributed to two significant factors highlighted in recent company announcements.</p>\n\n<p>First, Q TECH has forecasted a substantial increase in its consolidated profit for the fiscal year, estimating a growth of 200% to 280%. The company cited the recovery in demand and the upgrading of specifications for its camera modules as the driving forces behind this remarkable profit surge.</p>\n\n<p>Additionally, Q TECH announced that the Indian Assessing Office has reduced the aggregate amount of income tax and interest payable by its Indian subsidiary by a substantial INR 503 million. 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This surge is attributed to two significant factors highlighted in recent company announcements.</p>\n\n<p>First, Q TECH has forecasted a substantial increase in its consolidated profit for the fiscal year, estimating a growth of 200% to 280%. The company cited the recovery in demand and the upgrading of specifications for its camera modules as the driving forces behind this remarkable profit surge.</p>\n\n<p>Additionally, Q TECH announced that the Indian Assessing Office has reduced the aggregate amount of income tax and interest payable by its Indian subsidiary by a substantial INR 503 million. This tax relief is expected to positively impact the company's bottom line and contribute to its overall profitability.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01478","symbol_name":"丘钛科技","start_time":0,"source_url":"","article_id":"1101228445","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101228445","pubTimestamp":1736904645,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Q TECH, the Hong Kong-listed technology company, saw its stock price soar by an impressive 13.97% during the Wednesday trading session. 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