KUALA LUMPUR: UWC Bhd said its profits in the second quarter ended Jan 31 doubled from a year ago driven by its expanded business in the life science and medical technology segment.
Net profit in the surged to RM27.2mil from RM13.3mil previously. Revenue shot up to RM77.8mil compared with RM54.9mil a year ago.
“The increase was greatly attributed to the Group’s larger involvement in the life science and medical technology industry in current quarter, as well as the continued strong global demand in the semiconductor industry,” UWC said in a filing with Bursa Malaysia today.
“Both the semiconductor and life science industries are expected to keep growing, fuelled by strong global market fundamentals and total addressable market, as exhibited by the increase in the Group’s order book,” it added.