Vitrox second-half earnings hit by R&D expenditure

Vitrox said the group is confident of achieving steady growth and improvements in the semiconductor back-end sector.

PETALING JAYA: Vitrox Corp Bhd, which saw its bottom line impacted by increased research and development (R&D) expenditure in the first half of its financial year 2024 (1H24), is cautiously optimistic about the group’s business prospects going into 2H24.

Amid the slower-than-expected global economic recovery, the technology company said it is poised to navigate the volatility and embrace the challenges ahead.