Unisem's Q3 profit sees a jump


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 dollar to ringgit exchange rates. (File pic shows part of the Unisem plant.)

KUALA LUMPUR: Unisem (M) Bhd recorded a pre-tax profit of RM50.74mil in the third quarter ended Sept 30, 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, the company said in a filing with the local bourse yesterday.

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 dollar to ringgit exchange rates.

The board of directors has 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 , profit , Batam , dividend , sales ,

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Business News

Bursa recoups nearly all its losses as KLCI climbs above 1,600
UiTM Solar Power Dua plans RM100m green SRI Sukuk
Malaysia to charge Top Glove over worker accommodations, government says
Banks demonstrate resilient credit portfolios, S&P Ratings says
Quick take: Press Metal climbs to record, aluminium prices at two-year high
Malaysia records RM109.8b approved investments in Jan-Sept
Nikkei ends near 29-1/2-year high on vaccine, stimulus hopes
Singapore central bank urges prudence in property purchases
All EPF branches to open from Wednesday
Sime Darby divests three river ports in China for RM181.1m

Stories You'll Enjoy