PETALING JAYA: Unisem (M) Bhd
expects satisfactory performance next year despite economic uncertainty, rising costs and a weaker US dollar, backed by strong artificial intelligence (AI) and data centre demand.
“Notwithstanding the challenging market conditions, including economic uncertainty, escalating costs, and a weaker US dollar, the directors expect the group to perform satisfactorily in the next financial year, supported by ongoing strong demand for AI-related semiconductors and data centres,” it said in a filing with Bursa Malaysia.
For the fourth quarter ended Dec 31, the semiconductor group’s net profit surged to RM52.1mil, or 3.23 sen per share, from RM8.7mil, or 0.54 sen, a year earlier, as revenue rose 16.7% to RM480.5mil from RM411.8mil. According to Unisem, the increase in net profit was primarily due to improved revenue and gain on dissolution of foreign subsidiaries amounting to RM23.771mil.
For the full financial year, Unisem’s net profit increased 42.8% to RM86.6mil from RM60.7mil, while revenue climbed 18.4% to RM1.9bil compared with RM1.6bil previously.
