For 3Q24, Unisem recorded a revenue of RM409.74mil.
PETALING JAYA: Unisem (M) Bhd
expects a satisfactory performance for the fourth quarter of financial year 2024 (4Q24), despite the challenging macroeconomic and on-going geopolitical conflicts that pose risks to its supply chain and demand outlook.
Looking ahead, the semiconductor device manufacturer, which saw growth on both its topline and bottomline in 3Q34, said the global tech sector is poised for significant growth in 2025.
“This is driven by smartphone market recovery, accelerating electric vehicle uptake, and rising demand for data centres and cloud services fuelled by artificial intelligence adoption and digital transformation,” it said in a filling with Bursa Malaysia.
For 3Q24, Unisem recorded a revenue of RM409.74mil, a 15% increase from the RM356.19mil reported in the previous corresponding quarter.
Consequently, bottomline improved by 48.5% to RM26.75mil for the quarter under review from RM18.01mil in 3Q23.
The group attributed these earnings improvements to higher sales volume and the foreign exchange (forex) gains.
In 3Q24, Unisem saw forex gains of RM12.03mil compared to forex losses of RM3.25mil in 3Q25.
For the nine months period ended Sept 30, 2024 (9M24), Unisem recorded revenue of RM1.17bil, representing an increase of 7.4% compared to the RM1.09bil reported in the same period of last year.
It said the increase in revenue was mainly due to higher sales volume.
Net profit for 9M24 however was largely flattish at RM51.97mil as compared to RM51.8mil in 9M23.
Unisem declared a dividend of two sen per share during 3Q24 payable on Dec 20, bringing the 9M24 dividend to six sen per share, unchanged from a year ago.
Yesterday, Unisem saw its share price inch up by five sen or 1.6% to RM3.18 a share, from its previous close of RM3.13.
