KUALA LUMPUR: Unisem (M) Bhd
, which saw its net profit jump 48.5% in the third quarter ended Sept 30 (3Q24), expects its performance to be satisfactory in the next financial quarter.
“The global tech sector is poised for significant growth in 2025, driven by smartphone market recovery, accelerating EV uptake, and rising demand for data centres and cloud services fueled by AI adoption and digital transformation,” Unisem said in the notes accompanying its financial results.
The semiconductor group’s net profit jumped to RM26.7mil in 3Q24 compared with RM18.01mil in the same period last year.
Revenue for the quarter rose 15% to RM409.7mil against RM356.2mil while earnings per share climbed to 1.66 sen from 1.12 sen achieved last year.
Unisem said the increase in revenue and net profit was mainly attributable to higher sales volume and the foreign exchange gains as opposed to foreign exchange losses reported in the same period last year.
For the first nine months to Sept 30, Unisem posted revenue of RM1.17bil and a net profit of RM52mil, representing an increase of 7.4% and a decrease of 1.7% respectively as compared to the same period a year ago. The increase in revenue was mainly attributable to higher sales volume.
Unisem has declared a third interim dividend of 2.0 sen per share, single-tier for the current financial year ending Dec 31, 2024. The dividend will be paid on Dec 20, 2024.
