Unisem 1Q net profit rises 11.6% to RM50.69m on higher sales volume

KUALA LUMPUR (April 27): Unisem (M) Bhd's net profit for the first quarter ended March 31, 2022 rose 11.63% year-on-year (y-o-y) to RM50.69 million from RM45.41 million, driven by higher sales volume as well as improvement in average selling prices.

In a bourse filing on Wednesday (April 27), the company said revenue for the quarter increased 13.5% y-o-y to RM424.45 million versus RM373.94 million.

Earnings per share was 3.14 sen versus 2.87 sen.

The company did not declare any dividend.

On its prospects, Unisem said it expects performance to be satisfactory and the demand for products and services to remain strong for the next financial quarter.

At the midday break on Wednesday, Unisem fell 2.49% or seven sen to RM2.74 with 463,900 shares done.