Gross profit margin and ebitda margin were relatively stable in the quarter, with continued ongoing absorption of expanded capacities and capabilities in preparation for future growth, the company says in a filing.
Grand Venture Technology (GVT) has posted net profit of $2 million for its 1QFY2024 ended March, up 34.1% y-o-y driven by continued wallet share expansion with its key customers.
Revenue grew 14.4% y-o-y to $30.8 million, while ebitda grew 10.6% to $6.47 million.
