CNERGEN 0246 CNERGENZ BERHAD posts RM76.58mil in revenue for Q2
Cnergenz Bhd chief executive officer Lye Yhin Choy said the company continued to see a steady inflow of orders for its integrated solutions and standalone SMT machines and equipment in the recent quarter.
KUALA LUMPUR: Cnergenz Bhd posted revenue of RM76.58 million for the second quarter (Q2) ended 30 June 2022 (FY22) on higher sales of standalone surface mount technology (SMT) machines and the provision of integrated solutions due to continued demand from manufacturing activities in the electronics and semiconductor (E&S) industries.
Net profit rose to RM9.30 million for the Q2 FY22, representing an increase from RM3.64 million recorded in the first quarter (Q1) FY22.
On a cumulative basis, the company recorded revenue of RM113.48 million and a net profit of RM12.94 million for the 6-month period that ended 30 June 2022.
On a segmental basis, standalone SMT machines and equipment sales contributed 51.03 per cent of the total revenue, while providing integrated solutions contributed 44.85 per cent for the Q2 FY22.
Profit before tax for the Q2 FY22 doubled to RM12.35 million compared to RM4.87 million posted in Q1 FY22.
Chief executive officer Lye Yhin Choy said the company continued to see a steady inflow of orders for its integrated solutions and standalone SMT machines and equipment in the recent quarter.
"We see demand in the Malaysia, Thailand, and Vietnamese markets where we operate despite the global headwinds the technology sector is encountering.
"This is attributed to the gradual reopening of economies in these countries, which has contributed to increased sales and new enquiries for our products and solutions.
"We believe that the inflow of orders will continue to grow following the recent global uptick in sales of semiconductors, particularly during the second quarter of 2022, coupled with the continued demand for our solutions and products amongst industry players within the E&S industries," he said in a statement today.
On the operational front, Lye said the company has entered into a conditional sale and purchase agreement with the Penang Development Corporation to acquire a parcel of industrial land in Penang.
"Upon completion of the acquisition, we intend to construct our new facility by channelling our initial public offering proceeds, enabling us to scale up our operations and develop and market a broader range of smart manufacturing solution offerings.
"As of 30 June 2022, we have secured purchase orders totalling RM72.60 million, out of which RM61.16 million are expected to be fulfilled by the end of 2022, and RM11.44 million are expected to be fulfilled by the end of 2023," Lye said.
https://www.nst.com.my/business/2022/08/823223/cnergenz-posts-rm7658mil-revenue-q2
Singapore Investment Bloggers
-
-
-
-
-
Weekly Wrap-Up: Oil, CPF, and T-bills8 hours ago
-
-
-
-
-
-
-
-
-
-
A Glimpse into the Luxury Goods Market19 hours ago
-
Delving into why T-bills went to 4% Yield19 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
My Positions1 day ago
-
-
-
Why You Shouldn’t Invest in Qatar1 day ago
-
Monthly Summary of September 20231 day ago
-
-
Month of September 20231 day ago
-
-
-
-
-
-
-
-
-
-
-
Portfolio (Sep 30th, 2023)2 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Lentor Hills Residences2 weeks ago
-
-
-
-
-
-
-
Diamonds: A Kick in the Stones2 weeks ago
-
-
August 2023 Portfolio Updates3 weeks ago
-
-
Transition period3 weeks ago
-
-
My dad did not do his CPF nomination3 weeks ago
-
-
My Hong Kong Trip August 20233 weeks ago
-
-
-
Motivation or Discipline?4 weeks ago
-
-
-
-
-
-
-
-
-
-
-
Random thoughts: Flashbacks1 month ago
-
iFAST 2Q23 highlights2 months ago
-
Mid Year Review 20232 months ago
-
-
Monthly IBKR Update – July 20232 months ago
-
-
-
-
Financial and life update Q2, 20232 months ago
-
NikkoAM Reit ETF2 months ago
-
Hello SP Group, I'm Back!3 months ago
-
Mid-Year Portfolio Update3 months ago
-
-
-
-
-
I am in debt3 months ago
-
Investment Summary - May 20234 months ago
-
Updates for May 20234 months ago
-
A New Light4 months ago
-
-
-
Snack Empire – Crunch Time5 months ago
-
-
Dividends Contributors – Top 106 months ago
-
-
-
-
-
How to become a real estate agent in Singapore7 months ago
-
-
A New Beginning – The Year of the Rabbit8 months ago
-
-
Demoralized8 months ago
-
2022 Thoughts, Hello 2023!9 months ago
-
Series of Defaults for Maple Finance9 months ago
-
Takeaways from “Sea Change”9 months ago
-
-
Greed is Coming Back9 months ago
-
-
-
-
Investing is Easy10 months ago
-
2023 SGS Issuance Calendar Freshly Released!10 months ago
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-