“However, the current chips shortages have hit the automotive semiconductor market sector. “This is challenging for our customers and ourselves, having to balance the volatility in production volumes, ” said KESM executive chairman and chief executive officer Sam Lim. (pic)
PETALING JAYA: KESM Industries Bhd
’s net profit tripled in the second quarter ended Jan 31, to RM6.33mil from RM1.87mil a year earlier, boosted by the disposal of machinery and test equipment and gain on an investment in securities.
In a filing with Bursa Malaysia yesterday, the group said its revenue for the quarter declined marginally to RM67.96mil compared to RM68.09mil previously.
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