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Wednesday, February 24, 2016

Unisem FY15 earnings surge on higher demand, forex

KUALA LUMPUR: Chip maker Unisem (M) Bhd’s earnings surged 127% to RM155.54mil in the financial year ended Dec 31, 2015, boosted by higher demand for its products and forex gains.

It said on Tuesday the higher FY15 revenue and earnings were mainly due to greater demand for the products and services and an appreciation in the US dollar against the ringgit and the yuan compared to a year ago.

“The improvement in net profit for the current quarter and financial year to date was due to increased revenue, better contribution from our wafer bumping and advanced package operations and lower interest expense,” it said.

Unisem said the earnings were a sharp improvement from the RM68.42mil a year ago, Revenue also increased 21.4% to RM1.260bil from RM1.038bil.

For the final quarter, the group recorded revenue of RM351.97mil, up 23.3% from RM285.37mil a year ago. Its earnings surged 185% to RM60.42mil from RM21.19mil.

Earnings per share were 8.23 sen compared with 3.14 sen. It rewarded shareholders with a final dividend of four sen a share, making it a total of 10 sen for FY15 compared with six sen in FY14.

“The improvement in net profit for the current quarter and financial year to date was due to increased revenue, better contribution from our wafer bumping and advanced package operations and lower interest expense,” it said.

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