PETALING JAYA: Despite uncertainty in the semiconductor industry and possible impositions from US tariffs, the growing demand for artificial intelligence and data centres will continue.
In a statement to Bursa Malaysia, Malaysian Pacific Industries
Bhd said the demand will benefit the industry and offset the weaker demand from the automotive sector.
The group is involved in manufacturing services for semiconductor packaging and testing.
Previously, analysts said there would be a challenging near-term outlook for the auto semiconductor sector.
However, the group is set to remain optimistic about its financials this year.
“The board expects the performance for the financial year to be satisfactory,” it said in the statement.
For the second quarter ended Dec 31, 2024, the group posted a higher revenue of RM530.5mil compared to RM522.7mil in the same quarter a year ago.
The group said revenue was higher due to its Asian and European segments that were higher at 11% and 7% respectively.
However, revenue from the US was lower by 30% compared to the same quarter a year ago.
Net profit was recorded at RM40.03mil for the quarter under review compared to RM32.15mil a year ago on the back of lower operating costs.
The group’s board did not recommend any interim dividend for the quarter ended Dec 31, 2024, but for the financial year-to-date, it had declared a total single-tier dividend of 10 sen per share, amounting to RM19.9mil which has been paid out.
