KUALA LUMPUR: Vitrox Corp Bhd
is optimistic that the global semiconductor industry will pick up its momentum gradually in the coming quarters.
The electronics manufacturing services (EMS) provider also maintains an optimistic outlook regarding the sustained growth in demand from artificial intelligence (AI), telecommunications, and automotive sectors in the near future.
“The group continues to focus on pursuing new opportunities through product innovation, enhancing customer services and exploring new markets coupled with tight cost control measures to stay competitive and resilient in the global market,” it said in a filing with Bursa Malaysia.
In the first quarter ended March 31, ViTrox’s net profit tumbled 48% to RM17.23mil, or earnings per share of 1.82 sen against RM33mil, or 3.49 sen achieved in the same quarter a year ago.
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