The company reported revenue of RM394.59mil versus RM378.66mil a year ago.
KUALA LUMPUR: Unisem (M) Bhd
says Malaysia stands to benefit from US-China trade tensions as a strategic alternative destination in the supply chain despite the cautious outlook of the semiconductor industry.
In a filing with Bursa Malaysia, the group said it posted a net profit of RM16.76mil for the second quarter (2Q) ended June 30, 2024, lower than RM23.92mil in the same quarter a year ago.
This was due to reduced gross profit margin arising from a change in product mix and higher operating costs.
It reported revenue of RM394.59mil, which was higher than RM378.66mil in the comparative quarter a year ago, while earnings per share was 1.04 sen against 1.48 sen previously.
For the cumulative six months of the year, net profit was at RM25.22mil compared with RM33.79mil previously while revenue rose to RM759.36mil from RM732.71mil.
