Inari, VS Industry and Globetronics continue to provide compelling values despite the market perceiving them to be losers.
KUALA LUMPUR: Globetronics Technology Bhd
's net profit of of RM23.6mil in the third quarter ended Sept 30, 2018, was a 64% jump over the previous corresponding quarter.
Revenue was flattish, coming in 1% higher at RM87.7mil over the comparative quarter.
In a filing with the stock exchange, Globetronics said the improved performance was due to higher volume loadings of products from customers, better utilisation of its operational resources and facilities, and a higher forex gain in the quarter.
"Based on the current customers' forecast, volume loadings have improved and remained strong since June 2018 with the successful qualification and manufacturing of new products.
"The Group will continue to focus on escalating up the value chain and riding on the R&D initiatives in new products design and development with our key customers moving forward," it said.
For the nine months period to Sept 30, the group posted net profit of RM48.13mil, which was 84% higher over RM26.11mil in the same period last year. Revene rose 23% to RM245.72mil from RM199.77mil over comparative period.
Globetronics' share price closed nine sen or 4.13% higher at RM2.27 on the back of 880,500 units traded.
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