Inari sees strong demand for 5G RF components as Q1 net profit soars


KUALA LUMPUR: Inari Amertron Bhd reported a jump in quarterly earnings, boosted by higher revenue generated by its radio frequency (RF) business and the reversal in deferred tax provision.

"The Group saw good demand in our RF business during the current quarter," it said in a filing with Bursa Malaysia today.

"We expect a similar demand to continue for the next few quarters due to the launch of and growth in new 5G phones with 5G frequency bands requiring additional RF components over 4G ones," it added.

Net profit in the three months ended Sept 30 (Q1) surged 47% to RM70mil compared with RM47.7mil made a year ago.

Revenue rose to RM347mil from RM316mil previously.

The increase in net profit, the company said was mainly due to higher revenue and the reversal of deferred tax provision which helped offset the unfavourable currency movement during the quarter.

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Inari Amertron , 5G

   

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