Dufu rides on robust demand for HDD    

KUALA LUMPUR: Hard disk drive (HDD) parts maker Dufu Technology Bhd said earnings soared 60% in the second quarter boosted by strong volume loading by its customers.

Net profit in the three-month ended June 30 rose to RM15.9mil from RM9.9mil a year ago.

Revenue improved to RM88.2mil from RM73.4mil previously, the company said in a filing today.

"The Group is seeing healthy order flow from existing customers, and coupled with confirmed orders from new customers," it said.

"The demand from HDD business remains robust with cloud demand leading the charge to fuel the Group’s growth. We are also positive on the Group’s non-HDD segment as the semiconductor and tech hardware capital spending remains strong from domestic equipment exporters," Dufu added.

The company has declared its first interim dividend of 3.75 sen a share.

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