Vitrox posts record quarterly profit


In a filing with Bursa Malaysia, Vitrox said it is optimistic about its prospects for 2021 with the acceleration of the digital adoption and transformation worldwide amidst the Covid-19 pandemic.

PETALING JAYA: Vitrox Corp Bhd posted a record quarterly net profit of RM50.64mil, 121% higher year-on-year, for its second quarter ended June 30, 2021.

The improved results were attributable to a surge in sales volume for its machine vision system and automated board inspection products.

The group also posted its highest ever quarterly revenue, which jumped 103.2% year-on-year, to RM196.2mil.

Based in Penang, Vitrox designs and manufactures automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries.

For the six months under review, the group’s net profit jumped 84.9% year-on-year to RM81.3mil while revenue spiked 74.5% to RM326.1mil due to stronger demand for both the machine vision system and automated board inspection products.

In a filing with Bursa Malaysia, Vitrox said it is optimistic about its prospects for 2021 with the acceleration of the digital adoption and transformation worldwide amidst the Covid-19 pandemic.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Second phase of London's Battersea Power Station to be opened to public next year
CPO futures seen trading higher next week on improved sentiment, may hit RM5,050
US to lift restrictions Nov 8 for vaccinated foreign travelers
China aluminium firm Zhongwang flags 'severe difficulties' at subsidiaries
Toyota cuts November output, after supplies slowed from Malaysia and Vietnam
Oil prices rise to three-year high on back of supply deficit forecasts
World stocks notch best day in 5 months
DNB gets Malaysia ready for 5G
Telcos post-5G rollout
Short Position - Listed companies, healthcare valuations, demographic dividend

Others Also Read


Vouchers