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%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.