29/04/2022
Quarter Report Summary (Q2'2022)
✳ Revenue – RM19.2mil in Q2’2022
- Quarter Revenue continue to achieve new high
- Total Year-to-Date RM37.7 mil (+37% y-o-y)
✳ Profit After Tax – RM4.61 mil (+114%y-o-y)
- EPS of 0.72 cents
- Year-to-Date PAT RM9.14 mil (+249% y-o-y)
✳ Inventories increased 78% mainly attributable to stock up for forecast build and mitigate the risk of part shortage.
✳ Total cash and cash eq. = RM40.9 mil
✳ Total borrowings = RM26.5 mil, decreased RM1.4 million due to partial repayment of banking facilities in Q2FY22.
✳ Net cash used in Operating activities = RM15.6 mil
✳ Trade receivable = RM50.8 mil, increased 48% mainly attributable to the increase of sales in Q2FY22.
Performance Review:
✳ ATE segment continue to spearhead the Revenue and profit for the Group, contributing 93% to its revenue.
✳ China continue to be its major source of income, contributing 70% (RM13.4 m) to its business revenue
✳ Attributable to the strong demand from China and mobile and tablets, CMOS image sensors, data center, RF filters and automotive markets.
✳ Operating expenses have increased in tandem with the business growth. Additional talents are recruited to grow the business, develop new test solutions and enhance product features.
Brought to you by,
Nott Invest
