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AEM reports record quarterly revenue and profit before tax in 1QFY2022 business update

Felicia Tan
Felicia Tan5/5/2022 08:41 PM GMT+08  • 2 min read
AEM reports record quarterly revenue and profit before tax in 1QFY2022 business update
The revenue growth was mainly driven by the strong uptake in AEM’s new generation equipment and tools, as well as the consolidation of CEI, which the group acquired in 1HFY2021. File photo
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AEM Holdings has reported record figures for its quarterly revenue and profit before tax in its business update for the 1QFY2022 ended March.

During the quarter, AEM’s revenue surged 226.4% y-o-y to $261.9 million, while profit before tax (PBT) surged 212.1% y-o-y to $49.7 million.

The revenue growth was mainly driven by the strong uptake in AEM’s new generation equipment and tools, as well as the consolidation of CEI, which the group acquired in 1HFY2021.

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