JF Expertise hits file excessive income

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KUALA LUMPUR: JF Technology Bhd posted new highs in income at RM11.23mil within the first quarter ended Sept 30, 2021, up 24% from RM9.14mil a yr in the past resulting from sustained robust demand from its prospects.

It mentioned on Tuesday income from Malaysia and China rose 57% and 27% on-year to RM4.61mil and RM3.63mil.

“The group’s gross revenue margin remained excessive at 78% in 1QFY2022.

“In-line with the file top-line efficiency, revenue earlier than tax for the quarter underneath evaluation soared 48% YoY or RM1.95mil enhance to a brand new degree of RM6mil versus RM4.05mil posted a yr in the past,” it mentioned.

The larger-than-proportionate progress was attributed to decrease working price to income ratio along with stronger gross sales.

JF Expertise additionally achieved its best-ever quarterly revenue attributable to strange fairness holders of the mother or father (web revenue) in its historical past.

“1QFY2022 web revenue jumped 26% YoY to an all-time excessive of RM5.04mil from RM4.01mil a yr in the past. This translated to a web revenue margin of 45% for the quarter underneath evaluation,” it mentioned.

On the prospects, JF Expertise’s board continues to carry a constructive view on the outlook of the group premised upon the expansion plans and panorama stemming from the Covid-19 pandemic. With the group’s prudent planning and cautious execution, we’re assured to navigate by way of any challenges forward.

JF Expertise added the development of its new plant in Kota Damansara, is underway. This shall be its Malaysia take a look at contacting Heart of Excellence and can add one other 50,000 sq. toes (sf) of built-up space, bringing the full to 96,000 sf.

“The doubling of our capability permits us to grab the robust demand from the semiconductor business, which has been rising at a really thrilling tempo.

“This upward development is anticipated to persist within the foreseeable future on the again of the game-changing 5G deployment and the accelerating electrical automobile (EV) adoption worldwide. We count on the power enlargement to be accomplished by the third rd quarter of 2022 barring any unexpected circumstances,” it mentioned.



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