Aemulus net profit jumps three-fold to RM4.5mil in 1Q

KUALA LUMPUR: Aemulus Holdings Bhd reported a three-fold increase in net profit to RM4.53mil in the first quarter ended Dec 31 (1Q22), compared with RM1.5mil posted a year ago.

Its revenue jumped 62% to RM18.58mil in 1Q22 against RM11.49mil a year prior. The strong demand for the quarter was derived from mobile and tablets, automotive and enterprise storage markets.

Aemulus said business constraints caused by the pandemic such as travel restrictions and supply chain disruptions continued to pose challenges for its semiconductor test business operations.

It said the marketing and engineering activities in its joint venture company in China i.e TMSS (Jiashan) had increased significantly.

“Demand for testers from the Far East region is expected to remain strong this year supported by the 5G wireless communication business segment and other new vertical markets.

“The supply of silicon wafers to our customers has also been consistent albeit limited in volume,” it said.

On the CMOS Image Sensors (CIS) market, Aemulus are expecting several shipments of production testers to the customers in the upcoming quarters.

In addition, it said the delivery of testers for the automotive segment would continue to contribute positively to the group.

“Q222 is a short quarter due to festive holidays. Any extended delivery time for raw materials may pose risk to the company's production output. However, the management is fully aware of the situation and has taken steps to mitigate such risks,” it said.