Fast take: Dufu Tech rises on robust 3Q earnings

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KUALA LUMPUR: Shares in Dufu Technology Corp Bhd rallied as a lot as 17 sen or 3.85% to a three-month excessive of RM4.59 on Wednesday following a constructive earnings outcome.

As at 9.30am, the counter was buying and selling 12 sen or 2.71% greater at RM4.54 a share with 1.46 million models exchanging fingers.

Dufu’s internet revenue for the third quarter ended Sept 30, 2021, rose 57.5% to RM20.25mil from RM12.86mil a 12 months in the past on the again of upper income of RM90.99mil in contrast with RM75.95mil beforehand.

In a submitting with Bursa Malaysia, it mentioned the rise in income was primarily because of the improve in quantity loading by prospects associated to laborious disk drive (HDD) parts.

It additionally registered a robust double-digit development following the large demand for sheet metal-welded meeting parts and elements and from the buoyant orders coming from management and sensors within the non-HDD phase.



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