KUALA LUMPUR (May 30): Coraza Integrated Technology Bhd posted net profit RM2.2 million in the first quarter ended March 31, 2022, driven by semiconductor industry related products still takes predominance

In a bourse filing last Friday (May 27), the integrated engineering supporting services firm that was listed on Bursa Malaysia earlier this year said revenue for the quarter came in at RM34.32 million.

Earnings per share were 0.51 sen.

There were no comparative figures year-on-year.

In a separate statement, Coraza managing director Lim Teik Hoe said that demand from the semiconductor segment continues to outstrip the company’s manufacturing capacity.

He said that despite the uncertainties brought about by the Covid-19 pandemic, there are no signs of a slowdown in the semiconductor industry due to widespread adoption and integration of technologies.

“Coraza, which recently secured orders for network equipment related products from the telecommunications sector, is on the search for additional renting alternatives to further increase production facilities in the near term.

While our new factory in Nibong Tebal, Penang is en route for development, demand from the semiconductor industry for our products continues to exceed our existing capacity, which has already been ramped up following the setting up of a temporary facility,” he said.