Man Yue Technology Projects Profit Rebound

Man Yue Technology Holdings Ltd (HK:0894) has released an update.

Man Yue Technology Holdings Ltd has announced a positive profit alert, signaling a turnaround with an expected net profit of HK$2 million for the first half of 2024, a significant improvement from a net loss of HK$15.37 million in the same period last year. This positive shift is attributed to increased revenue from the recovering electronics market and effective cost control measures. Investors are cautioned that these preliminary results are subject to finalization and the interim results will be published by the end of August 2024.

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