Globetronics posts higher earnings for the second quarter – Business News



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KUALA LUMPUR: Manufacturer of Integrated Circuits and Sensors Globetronics Technology Bhd said net profit rose nearly a third in the second quarter, boosted by increased sales of products massive.

According to current customer forecasts, volume shipments have improved since June 2018 with the qualification and manufacture of new products, "he said in a file filed today with Bursa Malaysia. . [19659004] Earnings in the third quarter ended June 30 climbed 32% to RM9.34mil, with a business turnover of RM 71.5m.

"The turnover and net profit of the period The volume gains of mass production of new products have increased since the third quarter of 2017."

For the semester, net profit Globetronics has grown from 11.73 million ringgit to 24.53 million ringgit period, "The group will continue to focus on increasing the value chain and research and development initiatives in the field. design and development of new products with our key customers who are going from the front, "he adds." He said.

Globetronics shares closed unchanged at RM2.50 yesterday.

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