UWC Sees 75% 2Q Net Profit Dip Amid Semiconductor Downturn
UWC Sees 75% 2Q Net Profit Dip Amid Semiconductor Downturn
The company is venturing into front-end semiconductor engineering businesses and expanding production capacity for its core business and new projects like electric vehicles (EVs).UWC Bhd experienced a 75% year-on-year decline in net profit for its second quarter ended January 31, 2024 (2Q24), mainly due to the semiconductor market downturn impacting revenue and increased expenditure for future growth.
UWC Bhd截至2024年1月31日的第二季度（24年第二季度）的净利润同比下降了75％，这主要是由于半导体市场低迷影响了收入和未来增长的支出增加。
Net profit fell to RM4.81 million from RM19.1 million in the previous year, with quarterly revenue decreasing by 33.5% to RM61.13 million.
净利润从去年的1,910万令吉降至481万令吉，季度收入下降33.5％，至6113万令吉。
Despite challenges, UWC remains optimistic, focusing on new projects, customer acquisition, and long-term growth strategies.
尽管面临挑战，但UWC仍然保持乐观，专注于新项目、客户获取和长期增长战略。
The company is venturing into front-end semiconductor engineering businesses and expanding production capacity for its core business and new projects like electric vehicles (EVs).
该公司正在涉足前端半导体工程业务，并扩大其核心业务和电动汽车（EV）等新项目的产能。
Additionally, UWC is working on securing qualifications for various semiconductor modules and expects a gradual market recovery in 2024.
此外，UWC正在努力确保各种半导体模块的资格，并预计2024年市场将逐步复苏。
UWC's shares closed 2.1% lower at RM3.20 today, dropping by 7 sen. This resulted in a market capitalisation of RM3.53 billion.
UWC的股价今天收盘下跌2.1％，至3.20令吉，跌幅7仙。这导致市值达到35.3亿令吉。
