Unisem’s Q3 net profit slips

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: Unisem (M) Bhd’s net profit for the third quar­ter ended Sept 30, 2016 fell 3.9% to RM38.63 mil­lion from RM40.20 mil­lion a year ago due to lower rev­enue and higher cost of sales.

Rev­enue for the quar­ter fell 2.3% to RM321.95 mil­lion from RM329.61 mil­lion in the cor­re­spond­ing quar­ter of 2015.

The board of di­rec­tors ex­pects the group’s per­for­mance re­main sat­is­fac­tory till the end of the fi­nan­cial year.

For the nine months pe­riod, net profit rose 16.7% to RM110.95 mil­lion from RM95.12 mil­lion, due mainly to higher for­eign ex­change gain and lower in­ter­est ex­pense com­pared with the cor­re­spond­ing pe­riod a year ago.

Rev­enue saw an im­prove­ment of 5.7% to RM960.65 mil­lion com­pared with RM908.46 mil­lion in the pre­vi­ous cor­re­spond­ing nine months.

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