[GLOBETRONICS TECHNOLOGY BHD，随着新产品的成功认证和制造，产量增加]
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The Group’s revenue and net profit for the quarter under review was RM71.5 million and RM9.3 million, an increase of 14% and 32% respectively as compared to RM62.9 million and RM7.1 million in the corresponding quarter ended 30 June 2017. The higher revenue and net profit in the current quarter was mainly due to:
1) Higher volume loadings of products from certain customers in the Group; and
2) Forex gain of RM0.71 million recognised in the income statement as compared to corresponding quarter ended 30 June 2017 forex loss of RM1 million.
For the period under review, the Group recorded a higher revenue and net profit of RM158 million and RM24.5 million as compared to RM112.8 million and RM11.7 million respectively in the corresponding period last year (increase of 40% and more than 100% respectively). South East Asia segment recorded sales increase as compared to the last corresponding period. The higher revenue and net profit achieved in the current period was mainly due to the pick up in volume loadings from the mass production of new products since Quarter 3, 2017.
Based on the current customers' forecast, volume loadings have improved since June 2018 with the successful qualification and manufacturing of new products. The Group will continue to focus on escalating up the value chain and riding on the R&D initiatives in new products design and development with their key customers moving forward.
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the forecasted growth of a company must > 14% per year
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