Inari earnings hit by higher income tax on subsidiary


For the full year, Inari

PETALING JAYA: Semiconductor giant Inari Amertron Bhd’s net profit dropped 12.86% to RM57.1mil for the fourth quarter ended June 30.

The lower earnings were due to an increase in effective income tax rates for the group’s largest operating subsidiary, Inari Technology Sdn Bhd.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Inari , Ametron , semiconductor , income tax , subsidiary , Inari ,

   

Next In Business News

Greenyield secures shareholders’ approval to buy asset in PNG Premium
PDB to open 50 Cafe Mesra by year-end Premium
PwC appoints Nurul A’in as deputy executive chair Premium
FBM KLCI ends at day's low on heavy last-minute selling Premium
Bank Negara's international reserves at US$109bil as at June 30 Premium
Alliance to increase lending, deposit rates effective July 13 Premium
DoSM: Average price of steel bar up 15.9% in June Premium
China unveils plans to spur car demand, may extend EV tax break Premium
Shell boosts oil and gas asset value as refining soars Premium
TNB’s Uniten sets up NEC to boost energy transition Premium

Others Also Read