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Unisem 1Q profit at RM9m vs loss a year earlier
by Cals Thu 08 May 2014, 19:28
| Unisem 1Q profit at RM9m vs loss a year earlier |
| Business & Markets 2014 |
| Written by Chong Jin Hun of theedgemalaysia.com |
| Thursday, 08 May 2014 18:16 |
KUALA LUMPUR (May 8): Unisem (M) Bhd posted a net profit of RM9.3 million in the first quarter ended March 31, 2014 from a net loss of RM9.7 million a year earlier. Revenue fell to RM228 million from RM249.7 million.
In a statement to the exchange today, semiconductor manufacturer Unisem said revenue fell on lower sales volume.
"The improvement in net profit for the current quarter ended 31 March 2014 was primarily attributable to increased gross profit margin arising from product mix change, grant income received by a foreign subsidiary and lower overhead costs in PT Unisem after the restructuring exercise.
"The directors expect the performance of the group to continue to improve for the remaining period to the end of the financial year," Unisem said.
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