Rising chip prices lift Unisem Q2 earnings, plans 1-for-1 bonus issue 

KUALA LUMPUR: Unisem Bhd, a semiconductor assembly and test company, said earnings jumped 60% in the second quarter as strong demand pushed up sales.
 The company has also proposed a one-for-one bonus issue.

Net profit rose to RM54.6mil from RM33.9mil a year ago. Revenue rose to RM402.2mil compared with RM310mil previously.

"The improvement in net profit was mainly attributable to higher revenue achieved and increased interest income," Unisem said in a filing today.

The company has declared an interim dividend of 2 sen a share.

Chip companies around the world have reported surging profits as the global shortage of the product pushed up prices.

But the Covid-19 pandemic has also affected production.

Earlier this week, Unisem said its facilities in Ipoh, Perak has been ordered to shut down for two weeks due to the enhanced movement control order (EMCO).

Unisem said that assuming the Ipoh plant is closed for the full duration of the above EMCO period, the capacity loss arising from the closure is about 2% of the group’s total annual output volume.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Unisem , semiconductor


Next In Business

HeiTech Padu wins RM36.2mil MySikap contract
Soaring gas prices ripple through heavy industry, supply chains
Glomac profit tumbles in May-July quarter due to lockdown�
High flying Opcom makes RM2.6mil net profit in Q1
Favelle Favco registers improved Q2 results
KLCI steps back 1.42 points as telcos weigh
Maybank extends over RM77bil in repayment assistance to customers as at Aug 31
CIMB targets RM30bil in sustainable finance by 2024
Indonesian shares lead Asia recovery on Evergrande assurance
Oil prices rise over US$1 after report of big draw in U.S. crude stocks

Stories You'll Enjoy