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Grand Venture Tech registers 9MFY2024 adjusted net profit of $6.74 mil, up 59% y-o-y

Khairani Afifi Noordin
Khairani Afifi Noordin • 1 min read
Grand Venture Tech registers 9MFY2024 adjusted net profit of $6.74 mil, up 59% y-o-y
Growth was more prominently recorded in the semiconductor segment, with a y-o-y increase of 50.8%. Photo: Albert Chua/The Edge Singapore
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Grand Venture Technology (GVT) has posted 9MFY2024 adjusted net profit of $6.74 million, up 59% y-o-y.

Revenue for the period grew 35.8% y-o-y to $111.9 million, largely due to growth across all key business segments. Growth was more prominently recorded in the semiconductor segment, with a y-o-y increase of 50.8%.

Adjusted ebitda grew by 24.8% y-o-y to $21.6 million. Gross profit margin and adjusted ebitda margin stood at 26.4% and 19.3% respectively.

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