Gross profit for the FY2022 increased by 3.3% y-o-y to $7.8 million. Gross profit margin (GPM) fell by 0.3 percentage points y-o-y to 25.3%.
Avi-Tech Holdings has reported net profit of $3.1 million for the FY2022 ended June, 9.7% lower than the net profit of $3.5 million posted in the year before.
During the period, the group’s revenue increased by 5.1% y-o-y to $30.8 million due to higher revenue contribution from its engineering services business segment. This was offset by the lower revenues from the group’s burn-in services segment and manufacturing and PCBA (or printed circuit board assembly) services segment.
