Grand Venture Tech’s profit after tax up 27.7% YoY in Q1
The company’s revenue also rose by 44.8% YoY to $44.6m.
Grand Venture Technology (GVT) saw its net profit after tax rise 27.7% year-on-year (YoY) to $2.5m in Q1 2025, its latest financial report showed.
The company’s revenue also rose by 44.8% YoY to $44.6m for the fiscal year, whilst gross profit increased by 40.3% YoY to $11.1m.
Revenue for the semiconductor segment rose 62.4% YoY to $25.5m, contributing to 57.3% of the company’s total revenue.
This was driven by a growth in demand for the company’s test equipment-related products, including High Bandwidth Memory testers.
Its life sciences segment’s revenue rose 28% YoY to $6.3m fuelled by continued wallet share growth with existing customers.
Further, the electronics, aerospace, medical, and other segments recorded a 25.8% revenue growth to $12.7m.