Dufu Technology Berhad – A Hard Disk Drive (HDD) Maker Reports a 153% Surge of Net Profit in 2Q 2024

According to The Star, $DUFU (7233.MY)$ posted a 153% year-on-year (y-o-y) surge in net profit to RM8.4mil for its second quarter ended June 30 (2Q24), as revenue also jumped 36.4% to RM65mil. (View original at Dufu Technology reports stellar results for 2Q)

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Dufu’s Prospects for 2Q
-The group is witnessing a modest increase in demand for the precision machining of Hard Disk Drives and the production of Sheet Metal and Stamping equipment and components
-The group believes that the toughest phase is over and that global semiconductors are recovering with positive momentum supported by AI-related applications.

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By: Jshen Ng