Valuetronics (SGX:BN2) expects to report a "significant" decrease in its net profit for the fiscal year ended March 31, according to a Tuesday filing with the Singapore Exchange.
Shares of the electronics manufacturing company slide nearly 17% in Wednesday trading.
The company has attributed this to the expected non-cash impairment provisions tied to its investment in and equipment leased to its joint venture Trio AI.
The company will release its financial results on or before May 28.
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