VisDynamics earnings down 16.7% in Q2

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.

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.