Skylink (SGX:XZB) expects to report a "substantially higher" net profit for the fiscal year ended March 31 compared with a year prior, according to a Thursday filing with the Singapore Exchange.
Shares of the commercial vehicle leasing company rose over 8% in Friday trading.
The company attributed the upbeat forecast to higher recurring revenue from its vehicle leasing activities and other key verticals.
Skylink will release its results on or before May 30.
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