PETALING JAYA: Stratus Global Holdings Bhd posted a net profit of RM9.55mil against a revenue of RM34.84mil in its first quarter ended Jun 30, (1QFY27).
The semiconductor automated material handling systems (AMHS) solutions provider recorded a profit before tax of RM12.46mil for the quarter, translating into basic earnings per share of 0.76 sen.
As this is its maiden quarterly announcement just prior to its listing next week, no comparative figures were available.
The group said in its exchange filing customers in Europe and Malaysia collectively accounted for about 80.9% of revenue during the quarter, while its operations remained supported by demand from the semiconductor industry despite the project-based nature of its business, which could result in quarterly earnings fluctuations depending on project completion and customer acceptance.
Moving forward, Stratus Global said the outlook for the global semiconductor industry remains positive, driven by rising demand for electrical and electronic products, generative artificial intelligence applications, data centres and increased automation in semiconductor manufacturing.
The company added its planned utilisation of RM285mil IPO proceeds to expand its facilities, strengthen research and development capabilities, and establish overseas sales and engineering support offices to support medium to long-term growth.
