Dufu sees rise in global semiconductor sales and memory sector


KUALA LUMPUR: Dufu Technology Corp Bhd believes global semiconductor sales are increasing, along with a memory sector resurgence, signalling a potential new growth cycle, particularly benefiting local manufacturers.

“This positive momentum is supported by the conclusion of inventory adjustments and heightened demand in electronics and AI-related applications,” it said in the notes accompanying its financial results.

“As we navigate the dynamic market landscape, we are confident that the toughest phase is now behind us, and we remain dedicated to seizing these growing opportunities, aiming to cultivate sustained growth for the group,” Dufu said.

In the first quarter ended March 31, the precision machining parts and components manufacturer saw its net profit tumbled 59.3% to RM4.4mil from RM10.9mil posted in the same quarter last year.

Its revenue for the quarter fell 22% to RM57.8mil against RM74.2mil a year prior while earnings per share fell to 0.80 sen from 2.10 sen previously.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Dufu , semiconductor

   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Hap Seng bottom line in four-fold rise
Positive 3Q24 for Dayang on higher utilisation, forex gains
Fajarbaru 1Q25 earnings up three-fold
Northern Solar inks agreement for ACE Market IPO
Plytec 3Q net profit climbs 16% to RM5mil
Petra Energy registers positive 3Q24

Others Also Read