The lower y-o-y net profit and revenue this quarter were possibly due to the high base in the same period the year before. To be sure, AEM’s net profit and revenue for the 1QFY2019 stood at $6.6 million and $52.7 million respectively.
AEM Holdings has reported net profit of $13.3 million for the 1QFY2021 ended March, 63.1% lower than net profit of $36.1 million in the corresponding period the year before.
Revenue during the quarter stood 45.4% lower y-o-y at $80.2 million, the second highest since its record revenue of $146.8 million for the 1QFY2020. The figure comprises 67% in revenue from consumables and services, 26% from revenue from tools and machines, and 7% from revenue from contract manufacturing.
