CONNECT WITH US:
Aug 17, 2022 19:00 JST
CNERGENZ Posts RM76.58 Million in Revenue for 2Q FY2022
Sales of integrated solutions and standalone SMT machines and equipment remained steady
PENANG, Malaysia, Aug 17, 2022 - (ACN Newswire) - CNERGENZ Berhad, an established electronics manufacturing solutions provider based in Penang, announced today that the Company recorded revenue of RM76.58 million for the second quarter ended 30 June 2022 (2QFY2022) on higher sales of standalone surface mount technology (SMT) machines and provision of integrated solutions due to continued demand from manufacturing activities in the electronics and semiconductor industries (E&S Industries). On a cumulative basis, the Company recorded revenue of RM113.48 million and net profit (PAT) of RM12.94 million for the 6-month period ended 30 June 2022.
Mr. Lye Yhin Choy, Chief Executive Officer of CNERGENZ Berhad
On a segmental basis, standalone SMT machines and equipment sales contributed 51.03% of the total revenue while provision of integrated solutions contributed 44.85% for the 2QFY2022.
Meanwhile, the Company's profit before tax (PBT) for the 2QFY2022 had doubled to RM12.35 million as compared to the immediate preceding first quarter ended 31 March 2022 (1QFY2022) PBT of RM4.87 million. This resulted in the Company recording PAT of RM9.30 million for the 2QFY2022, which represents an increase compared to RM3.64 million recorded in the immediate preceding 1QFY2022.
Chief Executive Officer of Cnergenz, Mr. Lye Yhin Choy said, "We continue to see a steady inflow of orders in the recent quarter for our integrated solutions and standalone SMT machines and equipment in the Malaysian, Thai and Vietnamese markets where we operate despite the global headwinds that the technology sector is encountering, attributed to the gradual reopening of economies in these countries which have contributed to increased sales and new enquiries for our products and solutions. We believe that the inflow of orders will continue to grow following the recent global uptick in sales of semiconductors, particularly during the second quarter of 2022, coupled with the continued demand for our solutions and products amongst industry players within the E&S Industries.
On operational front, we have entered into a conditional sale and purchase agreement with the Penang Development Corporation for the acquisition of a parcel of industrial land in Penang. Upon completion of the acquisition, we intend to embark on the construction of our new facility by channelling our initial public offering proceeds, which will enable us to scale up our operations, develop and market a wider range of smart manufacturing solution offerings.
As of 30 June 2022, we have secured purchase orders totalling RM72.60 million, out of which RM61.16 million are expected to be fulfilled by the end of 2022 and RM11.44 million are expected to be fulfilled by the end of 2023."
About CNERGENZ Berhad
CNERGENZ Berhad (CNERGENZ) was incorporated in Malaysia on 6 August 2021 as a private limited company under the name CNERGENZ Sdn. Bhd. and assumed the present name upon conversion to public company on 23 September 2021.
The Group is principally an investment holding company. Through its subsidiary, SiP Technology Sdn. Bhd., CNERGENZ is an electronic manufacturing solutions provider, specialising in surface mount technology (SMT) manufacturing solutions for the electronics and semiconductor industries (E&S Industries). The Group's solutions and services are typically provided to customers who are looking to commission new integrated production lines or automate their production facilities, based on their operational requirements, budget and capital expenditure.
CNERGENZ mainly serves electronics and semiconductor companies that carry out the assembly of the advanced semiconductor packaging products as well as assembly and testing of printed circuit board assembly (PCBAs). For more information, visit cnergenz.com.
Source: Cnergenz Berhad
Sectors: Daily Finance, Local Biz
Copyright ©2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Eisai: Release of Dementia Disease Awareness Videos for World Alzheimer's Day, September 21
Sep 21, 2023 12:26 JST
JCB and BNI Launch the BNI JCB Ultimate Card
Sep 21, 2023 09:00 JST
Takasago Hydrogen Park, the World's First Integrated Validation Facility for Technologies from Hydrogen Production to Power Generation, Enters Full-Scale Operation
Sep 20, 2023 19:05 JST
HRC and Takaaki Nakagami Agree to Renew Contract
Sep 20, 2023 15:24 JST
Lexus Presents the Theme of Diversification and Electrification Aiming to Deliver New Value to Customers
Sep 20, 2023 11:22 JST
Hitachi Industrial Products to Launch High-capacity Multi-port EV Charger
Sep 19, 2023 20:06 JST
Honda and Toray Begin Joint Demonstration of Closed-loop Recycling of Nylon Resin
Sep 19, 2023 12:07 JST
Fujitsu launches new offering to support sustainable enterprise transformation as Japan's first premium supplier for RISE with SAP
Sep 19, 2023 10:34 JST
Fujitsu strengthens DX consulting capabilities with plans to acquire Australian consultancy MF & Associates - investing for government and healthcare customer success
Sep 19, 2023 10:05 JST
Quantum Computing Startup - Nanofiber Quantum Technologies Secures $8.5m Funding
Sep 18, 2023 04:40 JST
SBM Offshore and MHI Sign Partnership Agreement for FPSO CO2 Capture Solution
Sep 15, 2023 18:51 JST
Fujitsu and the Linux Foundation launch Fujitsu's automated machine learning and AI fairness technologies as Linux Foundation hosted open source projects
Sep 15, 2023 10:23 JST
A New Era: Challenges in Lunar Exploration and Manned Lunar Orbital Base Development
Sep 14, 2023 17:04 JST
MHI Becomes a Full Member of the Japan Center for Engagement and Remedy on Business and Human Rights (JaCER)
Sep 14, 2023 14:45 JST
Fujitsu and Baptist Health South Florida transform operating room scheduling with newly launched solution to boost utilization rates and the financial health of the surgical discipline
Sep 14, 2023 10:33 JST
NEC selected by AMED for design of a universal vaccine that is effective against influenza virus strains
Sep 14, 2023 10:09 JST
BMW, Ford and Honda Agree to Create ChargeScape, a New Company Focused on Optimizing Electric Vehicle Grid Services
Sep 13, 2023 14:49 JST
MHI Thermal Systems Launches New "TEJ35GAM" Electric-Driven Transport Refrigeration Units
Sep 13, 2023 12:38 JST
Fujitsu pioneering supply chain CO2 visualization with successful participation in WBCSD PACT Implementation program
Sep 13, 2023 10:19 JST
Global Combat Air Programme Industry Partners Agree Next Steps on Collaboration to Deliver Next Generation Combat Aircraft
Sep 12, 2023 19:29 JST
More Latest Release >>
CNERGENZ Berhad Posts RM36.9 Million in Revenue for 1Q FY2022
May 27 2022 21:00 JST
CNERGENZ Berhad Lists on ACE Market, Share Price Gains 4.31% to RM0.605 on Debut
May 25 2022 12:00 JST
CNERGENZ Berhad IPO Shares Oversubscribed by 40.32 Times
May 13 2022 19:00 JST
CNERGENZ Berhad launches Prospectus for ACE Market IPO
April 29 2022 12:00 JST
Electronics Manufacturing Solutions Provider Cnergenz Berhad Enlists UOB Kay Hian Securities as Underwriter for Its Listing Exercise
April 04 2022 16:00 JST
More Press release >>