$FPI / 9172 (FORMOSA PROSONIC INDUSTRIES BERHAD) 's Q1FY2024 Quarterly Report Summary:

# Comparing current quarter (Q1FY24) with corresponding quarter (Q1FY23):

- Rev improved by 37% to RM 149.20 mil due to higher sales vol.
- Gross profit jumped by 143% to RM 24.05 mil.
- Other income also increased significantly by 70% to RM 16.46 mil
- PBT rose by 195% to RM 36.65 mil.
- PAT also rose by 195% to RM 28.65 mil.
- Net profit margin improved from 8.9% to 19.2%.
- EPS skyrocketed from 3.78 sen to 11.20 sen.
- Net cash.
- NOCF turned positive from – RM 21.75 mil to RM 20.80 mil.

# Comparing current quarter (Q1FY24) with immediate preceding quarter (Q4FY23):

- Rev decreased by 3.1% to RM 149.20 mil due to lower sales vol,
- PBT dropped by 1.7% to RM 36.65 mil.
- PAT dropped quite a bit by 11.5% to RM 28.65 mil.
- Excluding the one-off gain on disposal of subsidiaries (RM 20.1 mil) recorded in the previous quarter, the results for the current quarter is slightly better dye to gain of foreign exchange.

# Prospects:

- The Board anticipates that the operating environment will continue to be challenging in the coming quarters.