Cape EMS Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024 at 07:35 am EST
Share
Cape EMS Berhad reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 147.74 million compared to MYR 118.2 million a year ago. Net income was MYR 5.5 million compared to MYR 8.93 million a year ago. Basic earnings per share from continuing operations was MYR 0.0055 compared to MYR 0.0119 a year ago. Diluted earnings per share from continuing operations was MYR 0.0055 compared to MYR 0.0119 a year ago.
For the full year, sales was MYR 542.84 million compared to MYR 437.95 million a year ago. Net income was MYR 44.38 million compared to MYR 33.54 million a year ago. Basic earnings per share from continuing operations was MYR 0.0496 compared to MYR 0.0639 a year ago. Diluted earnings per share from continuing operations was MYR 0.0496 compared to MYR 0.0639 a year ago.
Cape EMS Bhd is an investment holding company engaged in providing electronics manufacturing services (EMS). Its segments include EMS and other related supporting goods and services (EMS) and Die casting and machining (DCM). EMS segment offers a comprehensive range of contract manufacturing services. It offers EMS for both industrial and consumer electronic products. It is engaged in sourcing and procuring parts for production, assembly, testing, packaging, and direct shipment fulfillment. It serves various industries, such as wireless communication devices, smart utility data collection, LED lighting, pos terminal, EV chargers, life science equipment, household appliances and electronic cigarettes. It also specializes in precision aluminum die casting to create products based on customerâs design specifications. It serves its customers in regions across, including the United States, United Kingdom, Sweden, Singapore, Malaysia, Hong Kong, Japan, China, Taiwan and India.