Avi-Tech Flags Net Loss in Fiscal H1; Shares Plunge 9%
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Avi-Tech expects to book a net loss for the fiscal first half ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Thursday. The group is currently facing a difficult operating environment in the semiconductor industry due to shifting market dynamics with headwinds impacting revenue and profitability. Shares of the provider of burn-in manufacturing and printed circuit board assembly provider were down nearly 9% in recent trading.
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