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Aztech Global Ltd. ( (SG:8AZ) ) just unveiled an announcement.
Aztech Global Ltd. reported a 30.6% decline in revenue for the financial year ending December 2024, attributed to reduced demand for IoT devices and data communication products. Despite this, the company maintained a stable net profit margin of 11.3%. The company has decided to discontinue regular updates on its order book, citing improved supply chain conditions and shorter order lead times post-pandemic, which make such updates less indicative of future performance. This decision has raised questions about its impact on investor confidence.
More about Aztech Global Ltd.
Aztech Global Ltd., incorporated in Singapore, operates in the technology sector, focusing on Internet-of-Things (IoT) devices and data communication products.
YTD Price Performance: 10.71%
Average Trading Volume: 1,161,091
Technical Sentiment Signal: Buy
Current Market Cap: S$606M
See more data about 8AZ stock on TipRanks’ Stock Analysis page.