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6 Highlights From Vitrox’s Latest Earnings
By Value Invest Asia  •  October 7, 2021
2021 has been a watershed year for ViTrox Corporation Berhad (KLSE: VITROX) (“Vitrox”) as the group realised bright earnings prospects on the back on the semiconductor boom which saw heighten demand for its solutions.  Vitrox has just reported its latest financial results for the second quarter ended 30 June 2021 (Q2FY21). We will now catch up with the group by checking on its recent business performance and major corporate developments.  1. Highest quarterly revenue since its inception  For the current financial quarter ended 30 June 2021, the group recorded its highest revenue since its inception at RM196.2 million as compared to RM96.5 million in the corresponding quarter of the preceding year. This represents a growth of 103.2% or RM99.7 million.  The increase is attributable to the surge in sales volume contributed from both Machine Vision System (“MVS”) and Automated Board Inspection (“ABI”). On a quarter-on-quarter basis, Vitrox’s revenue was up...
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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