Unisem 3Q net profit rises on higher sales, ASPs

KUALA LUMPUR: Unisem (M) Bhd recorded a pre-tax profit of RM50.74mil in the third quarter ended Sept 30, 2020, a wide increase over a pre-tax loss of RM3.54mil in the year-ago quarter, in light of the discontinuation of its manufacturing operations in Batam earlier this year.

For its continuing operations, the chip maker recorded a net profit of RM49.44mil, nearly twice the sum of RM24.89mil posted in the previous corresponding quarter.

Revenue jumped 23.4% to RM357.68mil from RM289.88mil in the year-ago quarter.

Its nine months net profit surged 372% to RM81.86mil from RM17.31mil a year ago. Its revenue increased by 10.5% to RM922.92mil from mRM834.84mil.

According to Unisem, the improvement in revenue and net profit was mainly attributable to higher sales volume, improved average selling price and appreciation of the US$ to ringgit exchange rates.

The board of directors have proposed a second interim dividend of two sen per share for the quarter, payable on Nov 27, 2020.
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