Inari posts lower net profit of RM84.98mil in 1Q24

KUALA LUMPUR: Inari Amertron Bhd recorded a lower net profit of RM84.98 million in the first quarter ended Sept 30, 2023 (1Q FY2024) from RM106.25 million in 1Q FY2023 dragged down by unfavourable currency movement and increase in electricity rates.

Revenue, however, was higher at RM383.93 million from RM377 million amid a higher revenue growth in the radio frequency (RF) business segment, it said in a filing to Bursa Malaysia today.