Vitrox posts lower Q1 profit

TheStar Fri, May 29, 2020 09:10am - 3 years View Original


The company had proposed a final tax exempt dividend of 2.8 sen per share for the financial year ended Dec 31,2019, subject to the members’ approval at the forthcoming AGM. The dividends will go ex on July 9, while the entitlement is on July 10. The payment date is July 28.

PETALING JAYA: Vitrox Corp Bhd’s net profit was down 10.8% to RM21.07mil on the back of a 1.5% jump in revenue to RM90.29mil in its first quarter ended March 31.

The lower profit was due to an unfavorable sales mix, while, the rise in revenue was due to increase in sales volume from machine vision system (MVS) outweigh the decline in revenue from its automated board inspection (ABI).

Meanwhile on April 2, the company had proposed a final tax exempt dividend of 2.8 sen per share for the financial year ended Dec 31,2019, subject to the members’ approval at the forthcoming AGM.

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