Home News Results

Grand Venture Technology reports 1QFY21 earnings of $3.3 mil, up 434.9%

The Edge Singapore
The Edge Singapore5/10/2021 06:47 PM GMT+08  • 1 min read
Grand Venture Technology reports 1QFY21 earnings of $3.3 mil, up 434.9%
Gross profit margin for 1QFY21 was 32.1%, up significantly from 22.9%.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

The company, which provides manufacturing services, enjoyed revenue growth across all it business segments, with demand from its semiconductor customers showing the strongest growth of 68.5%.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now