JF Tech wary of global uncertainty

JF Tech said its net profit for the second quarter ended Dec 31, 2022 fell to RM2.88mil from RM5.52mil a year earlier.

PETALING JAYA: JF Technology Bhd (JF Tech) expects global uncertainties to remain elevated, on the back of ongoing macroeconomic issues.

In a filing with Bursa Malaysia yesterday, the company said its second quarter ended Dec 31, 2022 net profit dropped to RM2.88mil from RM5.52mil a year earlier. Revenue was lower at RM10.95mil, compared with RM11.71mil previously, largely due to the slowdown in the semiconductor industry, particularly the consumer electronics segment.