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UNISEM (5005) 2Q net profit more than halves on lower sales, pays 2 sen dividend

KUALA LUMPUR (Aug 6): Semiconductor player Unisem (M) Bhd saw its net profit more than halve to RM14.45 million in the second quarter ended June 30, 2019 (2QFY19) from RM31.14 million a year ago, on lower sales volume.

Net profit was further impacted by the lower gain on foreign exchange, it said in a bourse filing today.

This resulted in a lower earnings per share of 2 sen for 2QFY19 compared with 2.5 sen for 2QFY18. Revenue for the quarter came in 9.1% lower at RM311.93 million from RM343.2 million in 2QFY18.

Nevertheless, Unisem declared an interim dividend of two sen per share for the financial year ending Dec 31, 2019, payable on Sept 6.

The weak quarterly performance dragged the group's net profit for the cumulative six months (1HFY19) down by 44.9% to RM20.51 million from RM37.2 million a year ago, while revenue fell 7.5% to RM615.06 million from RM664.75 million in 1HFY18.

Going forward, Unisem expects the uncertainties stemming from the global trade war to continue into the second half of the financial year.

Shares in Unisem closed four sen or 1.83% lower at RM2.14 today, bringing a market capitalisation of RM1.56 billion.

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