KESM profit up 12% in Q2

PETALING JAYA: KESM Industries Bhd reported a 12.1% rise in net profit to RM11.18 million for the second quarter ended Jan 31 compared with RM9.98 million in the previous corresponding period, driven by higher demand for burn-in and testing services.
Revenue for the quarter under review expanded 10.1% from RM83.12 million to RM91.47 million.
KESM’s six-month net profit increased 12.8% from RM19.99 million to RM22.55 million, while revenue was 11.6% higher at RM182.18 million versus RM163.23 million it made a year ago.
Looking ahead, the group said it is intensifying its efforts to improve production efficiency in light of recent capacity expansion.
“This effort and the positive industry trend as well as the improving world economy will continue to drive our business forward.”
KESM’s share price gained 34 sen or 1.8% to close at RM19.50 today on some 98,100 shares traded.