Gross profit for the period increased by 6.3% y-o-y to $15.6 million. Gross profit margin (GPM) fell 0.2 percentage points y-o-y to 6.8%.
Broadway Industrial Group (BIG) has reported earnings of $7.5 million in the 1HFY2022 ended June, 4.7% lower than earnings of $7.8 million in the same period the year before.
Revenue increased by 8.1% y-o-y to $228.4 million due to the higher average selling price (ASP) of its hard disk drive (HDD) products. The higher ASP was, in turn, attributable to a shift in the group’s product mix from personal and mobile computing segments to high performance enterprise segment. That said, volume fell by 20.4% y-o-y in the 1HFY2022.
