KUALA LUMPUR (July 28): Unisem (M) Bhd's net profit for the second quarter ended June 30, 2022 surged 276.7% to RM205.86 million from RM54.64 million a year earlier, on the back of higher average selling prices coupled with the appreciation of US dollar/ringgit exchange rates.

In a Bursa Malaysia filing on Thursday (July 28), Unisem said revenue for the quarter rose 15.4% to RM464.06 million from RM402.23 million a year prior.

Earnings per share jumped to 12.76 sen from 3.4 sen.

Unisem declared an interim dividend of two sen per share to be paid on Aug 25.

For the six months ended June 30, Unisem’s net profit jumped 156.4% to RM256.55 million versus RM100.05 million on the back of a 14.5% increase in revenue to RM888.51 million against RM776.17 million previously.

On its prospects, Unisem said despite the economic and geopolitical uncertainties, interest rates concerns and global supply chain disruption, the outlook of the group remains positive.

“The directors expect the performance of the group to be satisfactory for the next financial quarter,” it said.

At the midday break on Thursday, Unisem rose 3.56% or nine sen to RM2.62 with 672,000 shares traded.