Unisen's Q1 net profit fell 14.12% year-on-year, with dividends of 2 cents per share
Semiconductor company Unison (UNISEM 5005) As of March 31, the first quarter of this year, net profit fell 14.12% year-on-year to RM8.46 million, compared with RM9.85 million in the same quarter of the previous year.
Unison said that the decline in net profit was mainly affected by increased foreign exchange losses.
In any case, Unisen announced a dividend of 2 cents per share.
The company's first-quarter revenue rose slightly by 3.03% year-on-year to RM364.77 million.
Unison announced the payment of an initial interim dividend of 2 cents per share. The exclusion date is June 20, and it will be paid on July 5.
Regarding the year-on-year decline in net profit performance, Unison pointed out that the increase in foreign exchange losses, combined with a decrease in revenue from scrap sales, led to a weakening of net profit.
In any case, Unison predicts that the company's performance will improve next quarter, thanks to increased demand in specific market segments such as energy management/artificial intelligence (AI), automobiles/electric vehicles, and flagship smartphones in China and the US.
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