KUALA LUMPUR: Vitrox Corp Bhd
has remained cautiously optimistic about the business prospect for the second half of the year 2023 despite operating in a challenging environment.
The automated test equipment maker said it would continue to focus on long-term growth strategies to well prepare for a strong rebound in the near future.
“In the first quarter, the group remained steadfast in addressing the talent shortage problem by officially launching ViTrox College on Feb 10. ViTrox College is aimed to attract and nurture the local talents in order to solidify Penang’s position as the talent magnet in the northern region,” ViTrox said in the notes accompanying its financial results.
ViTrox’s net profit fell 34% to RM32.99mil in the first quarter ended March 31, 2023 (1Q23) from RM50.02mil a year ago.
It reported earnings per share of 3.49 sen in the first quarter against 5.30 sen posted a year prior.
ViTrox’s revenue fell 28% to RM133.33mil down from RM185.28mil last year.
It declared a final dividend of 4.15 sen per share for the financial year ended Dec 31, 2022 (FY22), payable on July 14.
