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.
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