PETALING JAYA: KESM Industries Bhd saw its net loss narrow to RM654,000 for the fourth quarter of its financial year ended July 31, 2021 (Q4’FY21) from RM3.28mil in the same quarter a year ago.
During the quarter in review, the independent burn-in and test service provider posted a 25% year-on-year (y-o-y) increase in revenue to RM58.05mil from RM46.26mil in Q4’FY20.
For FY21, KESM’s net profit rose to RM7.34mil from RM96,000 in FY20, while revenue increased to RM248.26mil from RM240.98mil.
“Our performance this year showed KESM’s resilience in managing and navigating through a difficult and challenging environment. Our shareholders were paid an interim dividend of three sen per ordinary share amounting to an aggregate payment of RM1.3mil on Aug 24, 2021,” its executive chairman and chief executive officer Sam Lim said in a press statement.
“Additionally, the board is proposing a final tax-exempt dividend of six sen to be approved at the AGM on Jan 13, 2022,” he added.
Lim said yhe demand for the company’s services continued to strengthen as its core technology remains a critical quality process for world’s leading semiconductor manufacturers in the automotive, 5G networks, Internet-of-Things and computing markets.