JF Technology’s Q1 net profit up 25.7%

According to the group’s managing director Datuk Foong Wei Kuong (seated), JF Technology continues to hold a positive view on its outlook premised upon the growth plans and the upward trajectory of the global semiconductor industry notwithstanding the challenging landscape.

PETALING JAYA: JF Technology Bhd’s net profit jumped 25.7% year-on-year (y-o-y) to an all-time high of RM5mil for the first quarter of its financial year ending June 30, 2022 (Q1’FY22) from RM4mil in Q1’FY21.

During the quarter under review, the manufacturer of high-performance test contacting solutions for global integrated circuit saw its revenue increase 23.8% y-o-y to a record RM11.3mil from RM9.1mil in Q1’FY21.In a statement, JF Technology attributed the increase in revenue to robust demand from its customers.