Unisem's net profit drops to RM28.44mil in 4Q

KUALA LUMPUR: Unisem (M) Bhd has guided for demand for its products and services in the first quarter of 2024 to be soft, although things are expected pick up over the remainder of the financial year.

The semiconductor assembly and test services firm's outlook comes after posting a net profit of RM28.44mil in the fourth quarter of 2023, which was a slide from RM67.08mil in the same quarter in 2022.

Its earnings per share contracted to 1.76 sen from 4.16 sen in the comparative period.

Revenue, meanwhile, was down to RM350.79mil from RM453.65mil in the year-ago quarter.

Over the course of the year, the group's net profit came to RM80.24mil, sharply lower than RM385.36mil in the previous year while revenue was RM1.44bil compared to RM1.78bil in FY22.

The board of directors declared a fourth interim dividend of two sen per share, payable on April 5, 2024.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Unisem , semiconductor


Next In Business News

Wall St set for higher open after Friday's sell-off amid Mideast jitters
Goldman Sachs' profit jumps 28% on investment banking strength
Tesla to lay off more than 10% of staff globally as sales fall
EPMB and BAIC ink 10-year vehicle assembly agreement
SCIB and Awana sign new agreement, securing exclusive contract for PPAM Mualim Project
Ringgit closes lower against greenback
Eduspec appoints Kang Pang Kiang as deputy chairman
HeiTech Padu wins RM190mil MySikap contract from JPJ
RHB invests RM3.8mil in Boost Bank, maintains 40% stake
GCAP inks MoU for Pahang hydropower project

Others Also Read