The innovator and manufacturer of high-performance test contacting solutions for integrated circuit (IC) sees pockets of opportunities from the sectors that it serves, even though the group had achieved another record high financial performance with its second consecutive year of best-ever revenue and net profit.
JF Tech has just concluded its 16th Annual General Meeting (AGM) today.
“We are certainly delighted with another record high financial performance with our second consecutive year of best-ever revenue and net profit. This is no mean feat as the performance was achieved amidst a harsh environment,” Managing Director of JF Tech, Dato’ Foong Wei Kuong remarked.
“Looking ahead, the market ambiguities are expected to remain elevated affecting a wide spectrum of industries including the semiconductor market.”
“On a positive note, the long-term outlook of the semiconductor sector remains strong as semiconductors are increasingly becoming a larger and more important part of the digital economy according to the Semiconductor Industry Association,” he added.
“Meanwhile, the Group is seeing pockets of opportunities from the sectors that we serve. This, plus the maturation of our two growth drivers – test engineering solutions business and China facility, come at an ideal time, which enable us to continue growing our business sustainably,” Dato’ Foong stressed.
“All in all, the long-term prospects remain promising with more growth drivers coming onstream while being cognizant of the demanding landscape. Lastly, we are thrilled to finally see our shareholders face-to-face after so long and we look forward to more interactions in the near future,” Dato’ Foong concluded.
To recap, the Group has paid a total dividend of 1.0 sen per share amounting to RM9.3 million in FY22. As for dividend payout, this represented a 54.1% payout based on net profit of RM17.2 million.
On a separate note, the Group has sought regulatory approval for a one-month extension of time from 1 December 2022 to 31 December 2022 to complete the Proposed Transfer of listing to the Main Market of Bursa Securities.
