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.

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