KUALA LUMPUR: ViTrox Bhd said it is confident in achieving steady growth and improvements in the semiconductor back-end sector.
In a filing with Bursa Malaysia, the group said it will vigorously invest in R&D to deliver cutting-edge solutions to maintain its competitive edge, capitalising on the opportunities presented by Industry 4.0 and the AI boom.
"Our focus will remain on fortifying customer relationships and ensuring diligent cost management," it added.
In an update, it also said the construction of the ViTrox Institute of Technology, a five-storey training and industrial research centre, is on track for completion in 2026.
In the second quarter ended June 30, 2024, ViTrox posted a net profit of RM28.1mil, which compares to RM37.66mil in the same quarter in 2023, on revenue of RM137.2mil against RM149.39mil.
The group's earnings per share dropped to 1.49 sen form 1.99 sen in the comparative quarter.
Over the six months period, the group's net profit was RM45.33mil, down from RM70.65mil in 1HFY23, while revenue shrank to RM256.81mil from RM282.72mil in the previous corresponding period.
