UWC Bhd achieved a pre-tax profit of RM32.177 million on the back of a turnover of RM79.915 million for the second quarter ending January 31, 2022, from a pre-tax profit of RM35.030 million on the back of a turnover of RM77.810 million for the same period last year
In a Bursa filing, it said that the marginal decrease in profit before tax to RM32.2 million was attributable to higher depreciation expenses and higher staff costs incurred in the current quarter as compared to the corresponding period in the previous financial year because of substantial capital investment and increase in headcount in relation to our corporate expansion plan.
It said that according to the latest forecast generated by World Semiconductor Trade Statistics, the world semiconductor market is expected to grow by 8.8% in 2022. All regions are also expected to show growth rates. Hence, UWC remains positive of the outlook of the business and industries in which both its semiconductor and life science industries operate for the coming years.
The company said that the orders remain very strong where we have been receiving continuous orders from existing customers as well as new customers for semiconductor, life science, and 5G test equipment where we believe these industries will be our catalyst for the next few years. “Demand for the logic chip testers will continue to grow as well as orders for the new system tester which is expected to commence production earliest by the third quarter of this year,” it said
