COVID–19 NEWS   N Korea's first COVID-19 cases traced to area bordering S Korea: State media | COVID: Rise in new infections, drop in death cases last week - Health DG | South Korea’s COVID-19 vaccine candidate inches closer to launch after experts' approval Recommendation | More than 16 million adults in Malaysia given the COVID -19 booster dose | Lebanon faces new wave of COVID-19: Ministry | 

Vitrox records 63 pct surge in Q1 net profit to RM50.02 mln

27/04/2022 07:21 PM

KUALA LUMPUR, April 27 (Bernama) -- Vitrox Corporation Bhd’s net profit surged 63 per cent to RM50.02 million in the first quarter (Q1) ended March 31, 2022 (Q1 2022) from RM30.70 million a year earlier amid strong revenue growth and the strengthening of the US dollar.

The company, which makes automated vision inspection equipment for the semiconductor and electronic packaging industries, recorded revenue of RM185.28 million -- its highest Q1 revenue to date -- which was a 43 per cent jump over the RM129.88 million achieved in the same quarter last year.

In a Bursa Malaysia filing today, the Penang-based company attributed the significant rise in revenue to strong sales demand for both its automated board inspection and machine vision system equipment.

Despite the headwinds anticipated from the global supply chain disruption as a result of global material shortage coupled with the lockdowns in China due to new COVID-19 outbreak, Vitrox said it was optimistic about its 2022 prospects.

“The sales growth momentum for the automated vision inspection equipment will remain robust as the demand from wireless communication, automotive and Internet of things is expected to persist.

“In order to stay vigilant and resilient, the group is taking appropriate counter measures to overcome barriers faced in material shortages and logistics constraints,” it added.

The group has proposed a final dividend of 3.33 sen per share for the financial year ended Dec 31, 2021, subject to shareholders’ approval.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy