Inari Q2 net profit up two-fold to RM90.1mil

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.