Correction: Plover Bay Technologies Surpasses 2023 Profit in First Ten Months

MT Newswires Live11-18

(Corrects headline and body to indicate that the company surpassed its full-year 2023 profit in the first 10 months of 2024.)

Plover Bay Technologies (HKG:1523) said its net profit attributable to the owners for the 10 months ended Oct. 31 had exceeded the previous year's net profit of $28.1 million by at least 10%.

The connectivity products manufacturer attributed the upbeat forecast to increased sales of its SD-WAN routers, the contribution from its new product offerings, and improved net profit margin.

The company plans to publish its annual results in late February to early March 2025, according to a Nov. 14 disclosure with the Hong Kong Exchange.

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