Thursday 28 Mar 2024
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KUALA LUMPUR: Semiconductor devices manufacturer Unisem (M) Bhd’s net profit for the first quarter ended March (1QFY15) almost tripled, rising 154% to RM23.54 million from RM9.27 million a year ago, on improved profit margin.

Earnings per share was 3.49 sen compared with 1.37 sen a year ago. In a filing with Bursa Malaysia yesterday, Unisem (fundamental: 1.25; valuation: 0.6) said the improvements were mainly due to a better gross profit margin arising from change in product mix and improved utilisation rates. The group’s revenue for the quarter under review came in at RM280.06 million, up 22.81% from RM228.05 million in 1QFY14, due to higher demand for its products and services.

Unisem said its Asia segment recorded an increase in revenue while its US segment saw a decline, due to the decision to scale down its operations and cease all production by end-March 2015.

The Asia segment achieved net profit while the US and Europe segments recorded losses for the quarter under review, it said.

 

This article first appeared in The Edge Financial Daily, on April 29, 2015.

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