PETALING JAYA: Dufu Technology Corp Bhd
posted a 153% year-on-year (y-o-y) surge in net profit to RM8.4mil for its second quarter ended June 30 (2Q24), as revenue also jumped 36.4% to RM65mil.
The maker of precision metal components for the hard disk drive (HDD) industry attributed the strong quarterly results to an increase in sales related to HDD components, which had also led to the improvement in 2Q24 profitability.
For the six months ended June however, net earnings slipped 9.5% y-o-y to RM12.8mil, despite turnover inching up almost 1% to RM122.8mil.
Dufu Technology said the pullback in cumulative net profit for the first half of 2024 was mainly due to a lower forex gain of RM3.9mil recorded for the period in review compared with a forex gain of RM6.3mil in the corresponding period of the previous year.
Revenue growth in 2Q24 also resulted in net profit climbing by more than 90% from the RM4.4mil posted for the three months ended March 31, as turnover also strengthened by 12.3% quarter-on-quarter from RM57.9mil.
