Analysts note that this was driven by strong demand, especially from China and Taiwan, for its MVS products, which expanded by 117% y-o-y. AmInvestment Bank Research, following a conference call with ViTrox, said the company expects this trend to continue in the second half of 2021.
PETALING JAYA: Following a strong first quarter, Vitrox Corp Bhd is likely to see its sales performance improving on a quarterly basis, backed by robust demand from its machine vision systems (MVS) segment.
In the first quarter of financial year 2021 (FY21), ViTrox revenue and core profit rose 44% and 46% year-on-year (y-o-y), respectively, resulting in the company recording its highest ever first-quarter sales.