Cape EMS Berhad (formerly known as Cape EMS Manufacturing (M) Berhad) which is principally an investment holding company involved in the provision of electronics manufacturing services (EMS), reported a 58.0% increase, quarter on quarter, in profit before tax (PAT) to RM18.3 million and a 78.4% surge in profit after tax to RM15.2 million on the back of a revenue of RM121.8 million for the second quarter ended 30 June 2023.
Revenue was primarily driven by the EMS segment along with the successful onboarding of a new customer related to thermal energy devices.
The Board of Directors have declared a single-tier interim dividend of 0.55 sen per ordinary share for the financial year ending 31 December 2023, amounting to RM5.0 million which is to be paid on 29 September 2023 to the shareholders of the Company whose names appear in the Record of Depositors on 18 September 2023.
Cape EMS Managing Director/Group Chief Executive Officer Christina Tee Kim Chin said, “Aligned with our intention to diversify our product mix and grow the customer base, Cape EMS has been actively exploring various emerging trends to secure the next potential pipelines which would likely serve as the growth catalyst for the oncoming future. Year to date we have seen an increase in orders from our existing customers as well as onboarding of new customers.”
“We have also been continuously optimising our daily operations to implement cost saving measures thereby strengthening our profitability without compromising on the quality of our business offerings. We remain dedicated towards business expansion and we foresee the EMS industry will continue to remain as a vital pillar given its link to various emerging industries providing ample opportunities to unlock value for our stakeholders.”
