Grand Venture Technology has reported revenue of $23 million for 1QFY21 ended March, up 59% y-o-y. However, thanks to better margins, earnings in the same period was up 434.9% y-o-y to $3.3 million.

Gross profit margin for 1QFY21 was 32.1%, up significantly from 22.9% achieved in the year earlier quarter, which, the company explains, was weighed down by disruptions from the pandemic.

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