VisDynamics expects challenging semiconductor market

KUALA LUMPUR: Visdynamics Holdings Bhd expects the semiconductor industry to remain slow throughout the year and will not be spared from the impact as such.

“We take the opportunity to allocate more resources on research and developments and also speed up the time to market our new products in anticipation of the recovery expected next year,” the semiconductor equipment solutions provider said in a filing with Bursa Malaysia.

VisDynamics saw its net profit tumble 16.7% to RM2.62mil in the second quarter ended April 30, compared with RM3.14mil a year ago.

During the quarter, its revenue fell 30% to RM7.45mil against RM10.6mil a year prior while earnings per share declined to 1.49 sen from 1.80 sen previously.

For the first six months to April 30, VisDynamics posted a net loss of RM746,000, or loss per share of 0.43 sen on revenue of RM10.4mil.