The company, which provides manufacturing services, enjoyed revenue growth across all it business segments, with demand from its semiconductor customers showing the strongest growth of 68.5%.
This segment contributed 70.6% of Grand Venture Technology’s total revenue, up from 66.6% in the year earlier quarter.
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The company enjoys significant business from customers in the medical industries too.
On March 15, the company completed its placement exercise, raising $23.5 million from investment firm Novo Tellus.
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The company, led by executive chairman Ricky Lee and CEO Julian Ng, plans to grow via organic and inorganic means.
On May 10, Grand Venture Technology shares closed at 65 cents, up 9.32%.
