MPI posts 1Q net profit of RM16.52mil amid softer global demand

KUALA LUMPUR: Malaysian Pacific Industries Bhd anticipates geopolitical tensions in the Middle-East could further dampen the recovery of the semiconductor industry in the near term.

The semiconductor manufacturer posted a net profit of RM16.52mil in the first financial quarter ended Sept 30, 2023, which compares to a net profit of RM52.7mil in the same quarter in 2022.

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