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Aztech Global reports 34.2% y-o-y growth in net profit for 9MFY2022, proposes interim dividend of 3 cents

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Aztech Global reports 34.2% y-o-y growth in net profit for 9MFY2022, proposes interim dividend of 3 cents
IoT devices and data-communications products continued to be its key revenue contributors. Photo: Samuel Isaac Chua/The Edge Singapore
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Aztech Global has reported a 34.2% growth in net profit to $63.7 million for the 9MFY2022 ended September, compared to the same period last year.

Revenue stood at $607 million, up 55.4% y-o-y. This was despite the ongoing pandemic and the challenges it has brought to the world which included continual disruption to the global supply chain, the company said in its filing.

Internet of things (IoT) devices and data-communications products continued to be its key revenue contributors, as strong production volume and shipment of IoT devices as well as data-communication products to customers in its 3QFY2022 led to 71.8% surge in revenue to $242 million during the period.

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