PETALING JAYA: Dufu Technology Corp Bhd
expects digital storage devices to grow in sync with the strong demand from the cloud data centre market.
In a filing with Bursa Malaysia, the precision machining parts and components manufacturer stated the hard disk drives (HDD) storage devices are expected to remain the most cost-effective solution for storing large volumes of data.
For the second quarter ended June 30, 2023 (2Q23), Dufu’s revenue dropped by almost 50% year-on-year (y-o-y) to RM47.7mil due to the lower revenue related to HDD components and sheet metal fabrication. Net profit decreased by 89% y-o-y to RM3.3mil or earnings per share of 0.6 sen per share as a result of a drop in revenue and increase in operating costs namely labour and energy as well as decline in economies of scale.
