The company, which provides manufacturing services, enjoyed revenue growth across all it business segments, with demand from its semiconductor customers showing the strongest growth of 68.5%.
Grand Venture Technology has reported revenue of $23 million for 1QFY21 ended March, up 59% y-o-y. However, thanks to better margins, earnings in the same period was up 434.9% y-o-y to $3.3 million.
Gross profit margin for 1QFY21 was 32.1%, up significantly from 22.9% achieved in the year earlier quarter, which, the company explains, was weighed down by disruptions from the pandemic.
