Sun.King Technology Group Expects 200% Increase in 2024 Profit
MT Newswires Live
Jan 13
Sun.King Technology Group (HKG:0580) expects an up to 200% year-over-year jump in attributable profit for the year ended Dec. 31, 2024, to about 100 million yuan, according to a Friday filing with the Hong Kong Bourse.
The company attributed the anticipated increase in profit to the significant growth in revenue for the reporting period and the increased proportion of revenue from high-margin products.
The electronic components-related businesses company plans to publish its annual results by the end of March.
The company's shares were down less than 1% at the close of trade.
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