Unisem’s net profit rises 277% in 2Q22

UNISEM (M) Bhd’s net profit for the second quarter ended June 30, 2022 (2Q22), soared 277% to RM205.86 million from RM54.64 million in the same corresponding quarter last year.

The company said in an exchange filing today that the result is attributable to higher average selling prices as well as the strengthening of the US dollar against the local currency.

Its revenue for the quarter rose 15.4% to RM464.06 million from RM402.23 million in 2021.

The company also saw its earnings per share increase to 12.76 sen from 3.4 sen. — TMR / pic source: unisemgroup.com