PETALING JAYA: Sam Engineering & Equipment
(M) Bhd made a better internet revenue of RM25.2mil for its third quarter ended Dec 31, 2021 in contrast with a internet revenue of RM12.4mil backed by increased revenue contribution from its aerospace and tools segments.
Revenue was additionally increased at RM351.1mil in opposition to RM205.4mil for a similar interval, a 12 months earlier.
“The higher revenue from the aerospace segment was due to increase in sales of casing and aerostructure products.
“For the equipment segment, the higher revenue was mainly due to an increase in demand from the semiconductor and data storage customers,” the precision machining firm informed Bursa Malaysia.
It stated in notes accompanying the group’s outcomes that the aviation business was recovering step by step from the affect of the Covid-19 pandemic. “The International Air Transport Association or IATA reported improved air-passenger travel in December 2021 to about 55% of pre-Covid levels.
“Aircraft deliveries from Airbus and Boeing in 2021 have also increased 24% from 723 to 951 aircraft,” it stated.
The firm stated it was anticipating the aviation business to proceed choosing up momentum as extra nations opened up their borders.
“Semiconductor equipment and materials International or SEMI estimated that the global semiconductor equipment sales in 2021 will hit new high of US$103bil (RM431.09bil) and forecast that global semiconductor equipment sales in 2022 and 2023 will be in excess of US$110bil (RM460.40bil). We are expecting good performance from the equipment segment arising from this.”
The agency additionally stated that it has proposed to undertake a bonus problem on the premise of three bonus shares for each one current share.
