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.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Unisem , PT Unisem ,

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Business News

China shares end flat as healthcare losses offset gains in property stocks
Biden will not immediately remove Phase 1 trade deal with China
Govt's 4 entites to improve economy of Bumiputeras
Ranhill to undertake due diligence on Indah Water Konsortium
Bioalpha signs health supplement manufacturing deal with Ritamix
Perodua hits record daily sales of 5,027 cars on Nov 30
KLCI takes pause on slight profit-taking
More details on financial help for Covid-19 hit SMEs
MIDF Research upgrades banks to positive from neutral
Ramsay Sime Darby Health Care appoints new group CEO

Stories You'll Enjoy