Strong tech-driven momentum for QES Group

Going strong: Robust demand for chips in 2021 has seen QES posting stellar results, with net profit jumping 113% year-on-year to RM10.8mil and revenue growing 36% to RM106.91mil in its first half ended June 30.

ROBUST demand for chips in 2021 has seen QES Group Bhd posting stellar results, as the group saw its net profit jumping 113% year-on-year (y-o-y) to RM10.8mil, while revenue grew 36% to RM106.91mil in its first half ended June 30, 2021 (H1) of financial year 2021 (FY21).

QES managing director and president Chew Ne Weng is confident that H2 of FY21 will still be strong, based on the outstanding orders that QES has in hand, despite the current global supply chain disruptions and the looming energy crisis, as well as shipment delays and critical components’ longer delivery lead time.