Aemulus is reducing its inventory and increasing business development activities in the automotive market, which it said should remain positive despite delays in customer projects.
PETALING JAYA: Aemulus Holdings Bhd
is cautious about its outlook for 2023 on significantly reduced capital expenditure (capex) by its customers, which may last up to six months.
The company is reducing its inventory and increasing business development activities in the automotive market, which it said should remain positive despite delays in customer projects.
In a filing with Bursa Malaysia, Aemulus said it posted a net loss of RM4.77mil for its first quarter ended Dec 31, 2022, as compared to the RM4.5mil net profit it registered for the same period a year before.
Revenue halved year-on-year to RM9.8mil due to a slowdown in the semiconductor industry.
