D’nonce Technology Berhad posted revenue of RM135.7 million for 9MFY22, which was a marginal decline from RM136.3 million a year ago. The group attributed the electrical and electronics sector to be the largest revenue contributor, accounting for RM71.4 million or 52.6% of revenue.
Next, the healthcare sector was the anchor, having contributed RM46.7 million or 34.4% to the top-line, while the remainder came from other industries. The Group’s turnover was primarily contributed by multinational corporations in the E&E sector as well as large glove manufacturers under the healthcare sector.
Meanwhile, the Group’s profit after tax stood at RM8.2 million for the period under review, by comparison to RM10.9 million achieved in 9MFY21 largely due to escalating logistics and raw material cost pressure.
Moving forward, the Group anticipates the challenging landscape to persist stemming from the lingering effects of the pandemic, prolonged global supply chain disruptions as well as the Russia-Ukraine conflict.
The group aims to enhance its capacity by purchasing new machines and upgrading existing equipment adding that it will enable it to capture the strong demand from the E&E sector. D’nonce adds orders from customers are still robust and this trend is expected to sustain in the coming quarters.
CEO, Datuk Tho Yow Yin“On adds that the Group is also actively exploring potential collaborations and partnerships and that prospects remain bright premised upon the abovementioned factors while cognizant of the prevailing challenges.
For the quarter under review, the Group registered a revenue of RM47.0 million as compared to RM48.5 million in the previous year’s corresponding quarter. As for the bottom line, D’nonce recorded a profit after tax of RM2.5 million for 3QFY22, which was lower than the RM3.8 million posted a year ago. The decline was chiefly attributed challenging landscape.
The group remained in a net cash position at the end-January 2022 with gross cash holdings of RM39.4 million and backed by net assets of 46 sen per share.