P.I.E. Industrial's 2Q24 net profit jumps 49%
HIGHLIGHTS
More supply from suppercomputing customers orders to increase in 2024 Q3. All the backlog order will be cleared by end of this year by Plant 3 and Plant 5. To be frank Plant 5 just started operate on June 2024 and has successfully contributed significant profit to 2024Q2 profit.
280,000 sq-ft Plant 6 is built to accommodate new customers demands. And expected to be ready in 4Q24 for customer's audit and qualification and mass production is expected to begin in financial year 2025 (FY2025)
Source: The star P.I.E. Industrial's 2Q24 net profit jumps 49%
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Try not lose money : Latest open plant 5 on June most properly won’t add any significant revenue into PIE. They need to do setup, test run and customer sign off before mass production
103817822 OP : I see. Anyway it will reflect on Q3/Q4 report
Try not lose money : I think plant 5 revenue in Q3 will be taking off, Q4 is flying, finger cross