<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): Unisem (M) Bhd's net profit for the third quarter ended Sept 30, 2022 (3QFY22) rose 53.3% to RM61.73 million from RM40.27 million a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing on Thursday (Oct 27), Unisem said revenue for the quarter rose to RM439.69 million from RM366.36 million previously.</p></div>

<div class=newsTextDataWrapInner><p>The company attributed the firm's earnings and increase in revenue to better average selling prices coupled with the appreciation of US dollar/ringgit and US dollar/Chinese yuan exchange rates.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Earnings per share for the quarter rose to 3.83 sen from 2.5 sen previously.</p></div>

<div class=newsTextDataWrapInner><p>Unisem declared a second interim dividend of two sen per share to be paid on Nov 23.</p></div>

<div class=newsTextDataWrapInner><p>For the cumulative nine months ended Sept 30, 2022, Unisem's net profit surged to RM318.28 million from RM140.32 million on the back of a revenue of RM1.33 billion versus RM1.14 million.</p></div>

<div class=newsTextDataWrapInner><p>On its outlook, Unisem expects its performance for the next financial quarter to be satisfactory.</p></div>

<div class=newsTextDataWrapInner><p>The company said it will attempt to limit the foreign currency exchange risk by having a natural hedge between its receivables and a portion of its payables/bank borrowings and may also enter into forward currency exchange contracts.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break on Thursday, Unisem's share price fell 2.07% or 0.5 sen to RM2.37 with 113,100 shares done.</p></div>


Unisem (M) Bhd's net profit for the third quarter ended Sept 30, 2022 rose 53.3% to RM61.73 million from RM40.27 million a year earlier.

Unisem 3Q net profit jumps 53% to RM61.73 mil, declares two sen dividend

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<p>Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.</p>


<p>The Perak government has agreed to supply water to Penang through the Kerian Integrated Green Industrial Park to Seberang Perai.</p>


<p>Datuk Seri Anwar Ibrahim has urged all implementing agencies, particularly ministries, to prioritise the training of young people on artificial intelligence (AI) so that the country does not fall behind in this field.</p>


<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah will undertake a state visit to Singapore on May 6 and 7, 2024 at the invitation of the republic's President Tharman Shanmugaratnam.</p>


<p>The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.</p>


<p>Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down <i>Al Jazeera</i>'s operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.</p>


<p>Building on its near 20-year partnership with Lancaster University and in support of its esteemed collaborations with Harvard, Oxford, Cambridge and MIT, Sunway University is now proud to announce its newest partnership with Arizona State University (ASU). This illustrious portfolio of partnerships continues to highlight Sunway’s ongoing commitment to providing students with exceptional educational opportunities.</p>
