KUALA LUMPUR: Malaysian Pacific Industries
Bhd anticipates geopolitical tensions in the Middle-East could further dampen the recovery of the semiconductor industry in the near term.
The semiconductor manufacturer posted a net profit of RM16.52mil in the first financial quarter ended Sept 30, 2023, which compares to a net profit of RM52.7mil in the same quarter in 2022.
This came on the back of revenue of RM513.21mil, down from RM564.02mil in 1QFY23, amid softer global demand for semiconductors.
Earnings per share declined to 8.31 sen from 26.5 sen in the comparative quarter.
The board of directors declared an interim dividend of 10 sen per share, payable on Dec 19, 2023.
Moving forward, the group said it continues to focus on its business strategies and operational efficiencies to stay sustainable and strengthen its business fundamentals.
