INARI 0166 INARI AMERTRON BERHAD reports steady 1Q net profit, declares 2.6 sen dividend
KUALA LUMPUR (Nov 17): Inari Amertron Bhd’s net profit eased 0.63% to RM106.25 million for the first quarter ended Sept 30, 2022 (1QFY23), from RM106.93 million a year earlier, amid comparatively lower loading volume offset by favourable movement in foreign exchange.
Earnings per share fell to 2.86 sen from 2.98 sen, the semiconductor contract manufacturer’s bourse filing showed.
Quarterly revenue dropped 12.55% to RM377 million, from RM431.12 million in 1QFY22.
On a quarter-on-quarter basis, the group’s net profit rose by 23.24% from RM86.22 million posted in 4QFY22, as revenue grew 12.14% from RM336.18 million.
Inari, the country’s largest outsourced semiconductor assembly and test (OSAT) player, declared a first interim dividend of 2.6 sen, payable on Jan 6, 2023.
The group said it is cautious on growth in its recurring radio frequency and optoelectronics business for the rest of FY23, in view of global economic uncertainties arising from inflation, conflicts and supply chain disruption due to Covid lockdowns.
“Meanwhile, the group is working on new opportunities coming onshore into Malaysia’s OSAT ecosystem, [while] at the same time, bringing up our new China JV site in Yiwu to begin manufacturing during the second half of FY24.
“The group also expects to continue benefitting from the strong US dollar for FY23,” the group added.
Inari’s share price finished down three sen or 1.15% at RM2.58 on Thursday (Nov 17), bringing the group a market capitalisation of RM9.63 billion.
http://www.theedgemarkets.com/article/inari-reports-steady-1q-net-profit-declares-26-sen-dividend
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
The Art of Being Patient3 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Portfolio Summary for June 20255 days ago
-
-
-
Portfolio (June 30, 2025)6 days ago
-
Portfolio (June 30, 2025)6 days ago
-
-
-
-
-
Month of June 20256 days ago
-
June 2025 Updates6 days ago
-
-
-
-
Batisht crazy!1 week ago
-
-
Will SORA crash to 1 per cent?1 week ago
-
-
Hello world!1 week ago
-
Cut back some exposure1 week ago
-
-
-
Buying an overseas home for retirement2 weeks ago
-
-
8 tips for house moving2 weeks ago
-
-
-
-
-
-
-
-
-
-
-
-
-
May 2025 Portfolio5 weeks ago
-
-
-
Thakral - Gem life deal finally coming?5 weeks ago
-
-
-
-
Clarity1 month ago
-
The Trump Tariffs1 month ago
-
Selling HRnet and Fiverr1 month ago
-
-
-
-
Ignore the noise and be calm2 months ago
-
-
-
-
FAQ on Quantitative Investing Part 22 months ago
-
-
-
-
Crossing the 300k Mark [in a volatile period]3 months ago
-
-
-
-
-
-
-
-
ETF vs Mutual Fund: Which is Better?5 months ago
-
-
-
-
-
Arigato Everyone! A Decade of Blogging!6 months ago
-
Top 10 Highlights of 20246 months ago
-
-
-
Union Square Residences8 months ago
-
-
-
STI ETF9 months ago
-
-
-
Unibet Casino Bonus Codes 202410 months ago
-
-
-
-
The Stigma against Early Retirement (FIRE)11 months ago
-
Monthly IBKR Update – June 202411 months ago
-
-
-
-
-
-
-
-
-
Feb 2024 Expenditure1 year ago
-
-
-
-
-
-
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
Hello SP Group, I'm Back!2 years ago
-
-
-
A New Light2 years ago
-
-
-
-
-
2022 Thoughts, Hello 2023!2 years ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
-
-
-
-
-
-
What is Overemployment3 years ago
-
Terra Hill Condo (former Flynn Park)3 years ago
-
Alibaba VS Tencent: The Battle Royale3 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-