Sun.King Technology Group Forecasts Return to Profit for First Time Since H1 2021

MT Newswires Live07-10

Sun.King Technology Group (HKG:0580) expects to return to a profit for the first time since the first half of 2021 due to higher revenue, according to a Tuesday filing with the Hong Kong Stock Exchange.

Attributable profit for the six months ended June 30 is anticipated to range between 30 million yuan and 35 million yuan in the first half, compared with a loss of 6.1 million yuan in the year-ago period, the filing said.

Revenue at the electronic components maker is seen to rise by not less than 40% year over year due to successive product deliveries at three ultra-high voltage direct current transmission work projects, the filing said.

The company plans to release first-half results by the end of August.

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