The company has proposed an interim dividend of 7.5 sen per share for the year.
PETALING JAYA: KESM Industries Bhd
(KESM) posted a net loss of RM977,000 for the fourth quarter ended July 31, 2024 (4Q24) from a net profit of RM316,000 in the same corresponding quarter a year ago.
However, it recorded net profit of RM188,000 for the year, bouncing back from a loss of RM3.1mil in FY23.
Revenue for 4Q24 was 8% lower year-on-year (y-o-y) at RM56.5mil, which was largely due to lower sales generated from processing automotive chips.
It said consumables increased by 14% y-o-y or RM600,000, to support varying product mix, while depreciation of property, plant and equipment was higher by 13% or RM1.3mil, as additional machinery and test equipment were commissioned for use in the production.
Meanwhile, turnover for FY24 was higher by 6% y-o-y to RM243mil, which KESM said was primarily due to higher demand for its services.
It proposed an interim dividend of 7.5 sen per share for the year, which was approved on Sept 19 and to be paid on Oct 29.
