KUALA LUMPUR: Dufu Technology Corp Bhd believes global semiconductor sales are increasing, along with a memory sector resurgence, signalling a potential new growth cycle, particularly benefiting local manufacturers.
“This positive momentum is supported by the conclusion of inventory adjustments and heightened demand in electronics and AI-related applications,” it said in the notes accompanying its financial results.
“As we navigate the dynamic market landscape, we are confident that the toughest phase is now behind us, and we remain dedicated to seizing these growing opportunities, aiming to cultivate sustained growth for the group,” Dufu said.
In the first quarter ended March 31, the precision machining parts and components manufacturer saw its net profit tumbled 59.3% to RM4.4mil from RM10.9mil posted in the same quarter last year.
Its revenue for the quarter fell 22% to RM57.8mil against RM74.2mil a year prior while earnings per share fell to 0.80 sen from 2.10 sen previously.