Fit Hon Teng (06088) announced that it is expected to record unaudited net income of approximately 28 million to 33 million US dollars for the six months ended June 30, 2024, while unaudited net losses for the same period last year were approximately $9 million.
The announcement stated that the expected turnaround to profit is mainly due to (1) the improvement of the group's management efficiency, and (2) the gradual recovery of the demand for computer and network terminal markets.