The integrated engineering supporting services provider has announced its results for the fourth quarter of the financial year ended 31 July 2022 (Q4FYE2022).
The Group recorded its highest ever quarterly revenue and PAT to date of RM103.1 million and RM30.0 million respectively for Q4FYE2022. This translated to a surge of 61.3% and 53.8% respectively in comparison to Q4FYE2021. The growth is attributed to the Group’s involvement into the semiconductor industry.
For the full year, UWC recorded a 21.3% growth in revenue to RM345.6 million in FYE2022 as compared to RM285.0 million in FYE2021. The company also recorded an increase of 16.7% in PAT for FYE2022 as compared to FYE2021.
The strong set of financial results was mainly driven by the developments in the semiconductor industry which contributed 77.5% of the total revenue. The stellar set of results was supported by a healthy net cash of RM33.5 million with a current ratio of 6.4 times.
UWC has proposed an interim single-tier dividend of 2.91 sen per share.
“Staying true to the UWC spirit, we have managed to yet again close off our financial year on a high note, marking our highest ever quarterly earnings thus far. The stronger earnings reflected the continuous implementation of investment projects, as well as normalised economic activities in view of the country’s move towards endemicity and reopened international borders which partially aided our stronger business activities in 2022,” UWC executive director & group CEO Dato’ Ng Chai Eng said.
“We remain cautious in evaluating potential endeavours as we continue to secure new projects as well as onboarding of new customers for front-end semiconductor equipment, life science and 5G test equipment which have kept our strong order book intact. Looking ahead, we expect the ramp up of our new simulation system and the commencement of our new performance tester to be a strong growth catalyst,” he concluded.
