Stronger smartphone demand boosts Inari pre-tax profit


KUALA LUMPUR: Inari Amertron Bhd’s pre-tax profit for the financial year ended June 30, rose to RM151.7mil from RM107mil last year.

Revenue increased to RM933.1mil from RM793.7mil previously.

In a filing with Bursa Malaysia, the company attributed the higher revenue to higher trading volumes, in particular the radio frequency business due to the continued increase in demand for smartphones and mobile devices.

“The improved pre-tax profit is mainly attributed to the increase in revenue coupled with favourable US dollar forex during the financial year under review,” it said.

On prospects, Inari Amertron said it would continue to integrate and improve the operating margins of its optoelectronics business and ride the growth of the mobile smart device market.

It is cautiously optimistic of maintaining its financial performance in line with the industry growth numbers and is poised to continue delivering positive performance in financial year 2016. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , Inari amerton

   

Next In Business News

Oil analysts see battle for Asian market
EPF: No conditions for i-Sinar application
EPF assures investments resilient despite challenges
Sony to shut Penang factory, consolidate facilities
CPO futures likely to consolidate next week with bouts of profit taking
Buffetts' Brooks Running grows as pandemic sees more hit the road
Ant, Grab's venture and Sea to usher in Singapore digital banking
Fire at Petronas' S. African refinery put out, probe underway
Oil rises to just US$50/bbl on hopes for US stimulus
Wall Street's main indexes hit all time high

Stories You'll Enjoy