Moving forward, Inari is positive about the earnings for the financial year ending June 30,2021 on the back of positive demand for 5G smartphones in the upcoming quarters.
KUALA LUMPUR: Despite higher foreign exchange losses, Inari Amertron Bhd
’s (Inari) net profit jumped more than two-fold to RM90.09mil for the second quarter ended Dec 31 from RM37.48mil a year ago driven by higher revenue in the radio frequency (RF) business, and recognition of deferred tax assets.
In a filing with Bursa Malaysia yesterday, the group said revenue also climbed about 42% to RM376.83mil in the quarter compared with RM265.43mil in the corresponding period a year ago due to increase sales volume generated by RF business.
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