The company reported a net loss of $2.6m H1 2023.

Soon Lian Holdings Limited said it anticipates its January to June (H1 24) net profit to improve on a year-on-year basis following a net loss of $2.6m last year.

The expected profit growth is mainly due to a strong demand in the precision engineering segment and the improvement of the global semiconductor industry.

The profit guidance follows a preliminary review of the company's unaudited financial results for H1 2024. Full details will be disclosed on or before 14 August.