PETALING JAYA: Inari Amertron Bhd
expects demand for advanced semiconductor packaging to persist as it continues to play a critical role beyond FY25.
In a statement, the semiconductor player said its focus will remain on driving innovation in this area while expanding its customer base and enhancing production capacity and utilisation as well as strengthening operational efficiencies.
It also added it is currently regaining its recent forex losses and a significant forex recovery is expected to be registered in next quarter’s results.
Additionally, Inari Amertron said a surging demand for semiconductors and electronics, driven by significant investments in artificial intelligence, has put a positive spin on Asia and bolstered growth.
“These efforts position the group to sustain revenue growth and navigate the evolving challenges of the industry,” it said.
For the first quarter ended Sept 30, 2024, Inari Amertron recorded a higher revenue of RM388.01mil compared to RM383.93mil for the same quarter a year ago.
The increase was mainly due to comparatively higher loading volume in radio frequency (RF) business segments in the current quarter.
However, the semiconductor player’s net profit was lower at RM24.12mil for the quarter under review compared to RM84.98mil on the back of unfavourable movement in foreign exchange rate.
“The steep fall of the US dollar against the ringgit during the quarter has resulted in an unfavorable foreign exchange loss of RM53.3mil, of which RM47.2mil is unrealised loss,” Inari Amertron noted.
Meanwhile, the group proposed the first single-tier interim dividend of one sen per share in respect of the financial year ending 30 June 2025.
The entitlement and payment dates will be on Dec 12, 2024, and Dec 26, 2024, respectively.
