Sunningdale urged to raise reporting quality after Q4 earnings miss
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Singapore
ANOTHER earnings miss from Sunningdale Tech has prompted activist fund Quarz Capital Management to fire off a second open letter to the board of the mainboard-listed high-precision plastic components maker.
This time, Quarz wants Sunningdale to increase shareholder value by reporting one-off costs separately from core net profit in its income statement, in order to give investors a better sense of the company's underlying fundamentals.
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