KUALA LUMPUR (July 27): Miniaturised optical sensors manufacturer Globetronics Technology Bhd saw its net profit jump 24.5% to RM6.25 million in the second quarter ended June 30, 2021 (2QFY21) from RM5.02 million a year earlier, on higher volume loadings and a better mix of products.

As a result, earnings per share rose to 0.93 sen from 0.75 sen. Its quarterly revenue grew by 3.3% to RM46.4 million in 2QFY21 from RM44.91 million a year earlier, its filing with the local bourse showed.

For the cumulative six-month period ended June 30, 2021 (6MFY21), its net profit rose 18.1% to RM18.79 million from RM15.91 million a year before, while cumulative revenue expanded 3% to RM101.8 million for 6MFY21 from RM98.83 million for 6MFY20.

On prospects, Globetronics said it will continue to focus on escalating up the value chain and riding on the research and development (R&D) initiatives in new products design and development with its key customers moving forward.

In addition, the group said it has taken strong initiatives to mitigate exposure and disruption in the supply chain caused by the Covid-19 pandemic.

Globetronics shares closed unchanged at RM2.27, valuing the group a market capitalisation of RM1.52 billion. There were 921,000 shares traded.