ASM Pacific Technology (HK:0522) has released an update.
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ASMPT Limited has reported a decline in its 2024 interim results, with a 17.1% year-over-year (YoY) drop in revenue and a significant reduction in net profit by 49.6%. Despite a challenging environment, the company saw a moderate increase in bookings and maintains a strong order backlog. Investors are looking ahead as the company provides revenue guidance for Q3 2024, indicating a potential YoY and quarter-over-quarter decrease at the mid-point range.
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