Thanks to a higher demand and the optimisation of its fixed cost structure, Grand Venture Technology is seeing a vast improvement in its 3QFY2021 ended September results.

In its business update, the group recorded that its revenue for the third quarter came in at $31.9 million, some 91% higher than $16.7 million a year ago.

Subsequently, gross profit was 88.4% higher y-o-y at $10.0 million, while net profit after tax (NPAT) came in at $5.2 million, a 251% surge from $1.5 million last year.


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook