KUALA LUMPUR (April 24): While sales volume for its first quarter ended Jan 31, 2019 (1QFY19) retreated, Unisem Bhd maintained its net profit for the quarter at a flattish RM6.06 million compared with RM6.05 million a year ago.
 
The semiconductor manufacturer’s revenue for the quarter under review dropped 5.73% to RM303.13 million from RM321.55 million, Unisem said in a stock exchange filing today.
 
Lower profit margins arising from a change in product mix were partly mitigated by lower foreign exchange losses, the group said.
 
Quarter-on-quarter, however, net profit declined a significant 74.2% on lower profit margins as well as foreign exchange losses, Unisem said.
 
“The directors expect the performance of the group to improve in the second quarter and remain satisfactory until the end of the financial year,” it said.
 
Shares in Unisem climbed one sen today to close at RM2.50, giving the group a market capitalisation of RM1.83 billion.