KUALA LUMPUR (Feb 20): Inari Amertron Bhd (KL:INARI) posted a 3.6% rise in net profit for the second quarter, thanks to foreign exchange (forex) gains.

The outsourced semiconductor assembly and testing firm’s net profit for the three months ended Dec 31, 2024 (2QFY2025) stood at RM89.98 million, up from RM86.81 million in the same period a year earlier, according to its bourse filing on Thursday.

This was despite revenue declining 15.7% to RM348.97 million versus RM414.08 million in 2QFY2024, due to lower volume loading.

The group attributed the rise in bottomline to operational efficiency as well as favourable forex rates. It booked a total — realised and unrealised — forex gain of RM28.4 million in 2QFY2025, as compared to RM7 million forex loss a year earlier.

Inari declared a second interim dividend of two sen per share, payable on March 28.

For the six months ended Dec 31, 2024 (6MFY2025), Inari’s net profit fell 33.6% to RM114.1 million versus RM171.79 million in the same period a year earlier, while revenue slipped 7.65% to RM736.98 million from RM798.01 million previously.

Looking ahead, Inari said it broadly concurs with industry forecasts of growth in the global semiconductor market, but noted its concern on escalating geopolitical uncertainties, particularly the recent US tariff threats.

“Although the group remains largely optimistic for the remainder of FY2025, the outlook for FY2026 remains highly uncertain,” it added.

Shares in Inari ended three sen or 1.15% higher at RM2.65, valuing the company at RM10.04 billion.

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