Grand Venture Technology profit falls 26.8% in H1

Still, the group’s revenue rose 37.9%.

Grand Venture Technology (GVT) has posted a lower profit after tax of $3.15m for the first half of FY2025 ended 30 June, a 26.8% decline year-on-year.

The group’s revenue, however, rose 37.9%, from $68.3m in 1HFY2024 to $94.2m in 1HFY2025, supported by stronger business activities across its semiconductor, life sciences, and electronics, aerospace, medical and other segments.

Revenue from the semiconductor segment surged 61.6% to $55.4m, up from $34.3m a year earlier, driven by a steady increase in demand for its test equipment-related products from key customers.

The life sciences segment recorded a 22.2% rise, reaching $12.5m, compared with $10.2m in the previous year.

Moreover, revenue from the electronics, aerospace, medical and others segment grew 10.5% to $26.3m, up from $23.8m, reflecting growth across most sub-segments, though partially offset by softness in the electronics sub-segment.

Reflecting the higher revenue, the group’s gross profit increased by $5m to $23m, compared with $18m in 1HFY2024.