Plover Bay Technologies (HKG:1523) expects its net profit to grow by at least 10% year over year in the 10 months ended Oct. 31, compared with a net profit of $28.1 million, according to a Thursday filing with the Hong Kong bourse.
The company attributed the expected increase in profit to strong sales of the group's SD-WAN router products, contribution from other new connectivity products, and the group's improved net profit margin.
The software design and development company plans to publish its annual results in late February to early March 2025.
Plover Bay Technologies' shares were down by almost 8% in recent trading
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