Analysts from CGS-CIMB Research, DBS Group Research, KGI Research and Maybank Kim Eng are unperturbed on the lower results posted by AEM Holdings.

AEM, on May 3, reported a 63.1% decline y-o-y in net profit of $13.3 million for the 1QFY2021 ended March. The low net profit comes on the back of lower revenue of $80.2 million during the quarter, after the record revenue of $146.8 million for the 1QFY2020.

See: AEM reports 63.1% lower net profit in 1Q21 of $13.3 mil following 'exceptional' 2020

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