KUALA LUMPUR: Vitrox Corp Bhd
anticipates that the global semiconductor industry may continue to face challenges throughout the remaining part of the financial year 2023.
“Nevertheless, the group is resolutely committed to its long-term strategies to strengthen its operation, new product Introduction and market expansion. It also foresees a robust, gradual recovery in the financial year 2024.
“The group maintains an optimistic outlook regarding the sustained growth in demand from artificial intelligence (AI), telecommunications, and automotive sectors in the near future,” ViTrox said in a filing with Bursa Malaysia.
ViTrox’s net profit tumbled 34.6% to RM33.2mil in the third quarter ended Sept 30 compared with RM50.8mil registered a year earlier.
Revenue for the quarter fell 19.2% to RM149.9mil against RM185.6mil while earnings per share slid to 3.52 sen from 5.38 sen a year prior.
In the first nine months to Sept 30, ViTrox posted a net profit of RM103.9mil on revenue of RM432.7mil.
