UWC sees stronger demand for chip testers, Q4 profit surges


KUALA LUMPUR: Engineering solutions company UWC Bhd said higher demand from customers in the semiconductor industry and expanding life-science business boosted its results in the last three months ended July 31.

The group is expecting a stronger demand for its chip testers in the coming quarters.

Earnings in the last quarter surged 85% to RM18.6mil from a year ago, lifting its full year net profit to RM57.76mil, or 10.5 sen a share.

Revenue during in the fourth quarter was up 31% to RM61.4mil.

"The group has received higher orders for chip tester and flash memory test handler," UWC said in its outlook for the coming financial year.

"In addition, UWC has secured front-end semiconductor equipment customers and managed to move into the front-end semiconductor supply chain," it said.

Meanwhile, the life science industry is another catalyst for the group.

"Since the Group’s involvement in the manufacturing of COVID-19 equipment, the momentum of the equipment demand continues to be robust and has contributed significantly to the Group’s orderbook," it said.

"As in our semiconductor business, the Group is in the midst of developing new life science customers as part of the Group’s risk diversification strategy," it added.

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