PETALING JAYA: JF Technology Bhd’s net profit jumped 25.7% year-on-year (y-o-y) to an all-time high of RM5mil for the first quarter of its financial year ending June 30, 2022 (Q1’FY22) from RM4mil in Q1’FY21.

       During the quarter under review, the manufacturer of high-performance test contacting solutions for global integrated circuit saw its revenue increase 23.8% y-o-y to a record RM11.3mil from RM9.1mil in Q1’FY21.In a statement, JF Technology attributed the increase in revenue to robust demand from its customers.

       According to the group’s managing director Datuk Foong Wei Kuong, JF Technology continues to hold a positive view on its outlook premised upon the growth plans and the upward trajectory of the global semiconductor industry notwithstanding the challenging landscape.

       “The group’s test engineering solutions business, JF TestSense, has been making very encouraging progress.

       “This new growth driver has started contributing to our earnings in Q1’FY22 and we are stepping up our efforts to build on the positive momentum,” he said in a statement.

       “We are actively prospecting new customers and potential partners to scale our business, the process of which will accelerate further following the reopening of international borders.

       “This test engineering business essentially equips the group with a new dimension of growth,” he added.